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Article: Year Of The Bull: Despite a lurking bear market, this could be the year that bank brokerage finally comes into its own.(Company overview)
- Article from:
- Banking Wire
- Article date:
- January 9, 2008
- Author:
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While growth in the year ahead may not break any records, the bank advisory business has become a bright spot against the dark cloud of the subprime mortgage crisis. At the same time, a general tightening of margins on deposits and a squeeze on interest rates is hurting other profit centers within banks. "The greatest challenge for banks right now is to offset that squeeze," says Grubb. "And brokerage is a great source."
In 2008, bank advisory operations should continue to shine, and bank executives watching the bottom line are more likely to notice. Could this be the year that bank management finally embraces brokerage on a par with deposits and loans? Program ...