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Banks May Introduce More Relationship Requirements

Friday, January 13, 2012 - 2:07 PM
We may see more relationship requirements to get the best deposit rates. According to this MarketWatch article:
It’s called “relationship banking” in the banking industry and it involves a lot of cross-selling of financial products and services that are aimed at building customer loyalty and generating revenue.
But that’s how banks make money. Because loan demand is off, not to mention choked for some consumers, banks are swimming in deposits that aren’t making them any money.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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