Should we be concerned about all of the problems that are suddenly erupting at our banks?  U.S. banks have been shutting down hundreds of branches, they have been laying off thousands of workers, and as I discussed yesterday vast numbers of customer accounts are being unceremoniously shut down without any warning whatsoever.  If all of that wasn't bad enough, now endless "glitches" are plaguing our banking system.  For example, the glitch that caused paychecks not to be deposited at many banks on Friday still has not been fully resolved…

Customers at major U.S. banks including Bank of America and Wells Fargo complained about delays with their direct deposits on Monday, following a glitch with processing payments that began Friday.

The Federal Reserve on Friday said the problem wasn't related to a cybersecurity issue and that it had been resolved.  But customers on Monday continued to report delays with direct deposits, reaching out to their banks on social media to report that their paychecks hadn't landed in their accounts as expected.

Wells Fargo and Bank of America referred questions to The Clearing House, a payments company that operates the only private-sector automated clearing house (ACH) system in the U.S.

I have never seen a problem with direct deposits that is so widespread.

The Clearing House is promising to have things fixed "as quickly as possible", but that could mean just about anything…

The Clearing House, the private operator of ACH, told CNN on Monday it is working with banks and the Federal Reserve to "resolve this issue as quickly as possible."