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If smaller banks want to keep competing in this segment, they must provide great customer service and new technology. "You often hear that small business owners love the community bank feel and that these banks understand their needs," says Christine Barry, research director in Aite Group’s wholesale banking practice.
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When it comes to residential mortgages, big banks are waving the white flag. Banks originated 74% of all mortgages in 2007, but their share fell to 52% in 2014, the most recent data available from the Mortgage Bankers Association. And it could go even lower. But even at these levels, the big bank backtrack is reshaping a lending landscape that’s already undergone seismic
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CBC probe uncovers troubling practises. CBC news speaks to former bank employee. To read more: http://cbc.ca/1.4023575 Subscribe to CBC News to watch mor.
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