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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.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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