|
|
Article: Bank Brokerage: A Bright Spot amid Subprime Woes.
- Article from:
- Banking Wire
- Article date:
- January 7, 2008
- Author:
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
It's all over the media-the subprime crisis is hitting banks hard with huge write-downs, falling stock values and significant job cuts. Is it time to panic? Industry observers don't think so. While parent banks are suffering, the effect is mostly localized in the institutional investment banking units that gambled on risky subprime mortgage investments. For bank brokerage, it's business as usual.
"As far as I can see, and I've spoken to private bankers and independent advisors as well, those advisors who are providing long-term advice are seeing no impact at all," says Alistair Jessiman, managing director of Novantas, a financial services consulting firm in New ...
Related newspaper, magazine, and journal articles:
|
|
Article: Dispelling bank brokerage myths
Texas Banking;
December 1, 2007 ;
685 words
... ... identify the attributes of best practices bank brokerage programs. The study compared bank brokerage programs in the top 25 percent of profit ... per bank customer household with other bank brokerage programs. While their findings were ...
|
|