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As banks in border towns shut down, residents and businesses left stranded




A fence runs along the US-Mexico border between the Otay Mesa and San Ysidro ports of entry in and near San Diego, California, across from Tijuana, Mexico.
A fence runs along the US-Mexico border between the Otay Mesa and San Ysidro ports of entry in and near San Diego, California, across from Tijuana, Mexico.
FREDERIC J. BROWN/AFP/Getty Images

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Local banks along the US-Mexico border are closing, leaving some businesses and residents scrambling to keep up, according to reporter David Garrick of the San Diego Union-Tribune.

"They're closing at a quick pace, it seems to be accelerating and there's a lot of concern," said Garrick, who notes that in some border towns, like San Ysidro, about half the bank branches have shut down.

The closures have prompted a team of federal officials from the Government Accountability Office to launch an investigation next month into the cause and the effect on the local economy.

Click the blue audio player to hear the full interview.