Banks Confront a Leaner Future as Profits Fall

Posted by Kendall Harmon

Battered by a weak economy, the nation’s biggest banks are cutting jobs, consolidating businesses and scrambling for new sources of income in anticipation of a fundamentally altered financial landscape requiring leaner operations....

Even as they cut payrolls, banks are exploring ways to generate revenue that could translate to higher costs for consumers. Among the possibilities are new fees for automatic deductions from checking accounts that pay utility and cable bills, according to people involved in the discussions.

Read it all.

Filed under: * Culture-WatchLaw & Legal Issues* Economics, PoliticsEconomyConsumer/consumer spendingCorporations/Corporate LifePersonal FinanceThe Banking System/SectorThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--The U.S. GovernmentPolitics in General

0 Comments
Posted August 29, 2011 at 7:00 am [Printer Friendly] [Print w/ comments]
Registered members must log in to comment.




Next entry (above): The Latest Edition of the Anglican Digest

Previous entry (below): Local Paper Faith and Values Section—N. Charleston Methodist pastor tends to her flock and family

Return to blog homepage

Return to Mobile view (headlines)