Overreliance on fees is a threat to certain banks' profitability
So would you mind sharing banking checklist?
Also, It seems to me for banks, Quality of underwriting the loans(be it credit or personal or business or what not) should be primary focus along with operational efficiency ( I don't have to say this because it is basis of every business)
Hello Adam,
thank you for the nice article.
I think that the competition is already moving. Just yesterday, Ally Bank decided to eliminate all overdraft fees. Here's the link to the press release: https://media.ally.com/2021-06-02-Ally-Bank-eliminates-all-overdraft-fees,-ending-centuries-old-industry-practice-and-lifting-consumer-burden
Best, Nicola
So would you mind sharing banking checklist?
Also, It seems to me for banks, Quality of underwriting the loans(be it credit or personal or business or what not) should be primary focus along with operational efficiency ( I don't have to say this because it is basis of every business)
Hello Adam,
thank you for the nice article.
I think that the competition is already moving. Just yesterday, Ally Bank decided to eliminate all overdraft fees. Here's the link to the press release: https://media.ally.com/2021-06-02-Ally-Bank-eliminates-all-overdraft-fees,-ending-centuries-old-industry-practice-and-lifting-consumer-burden
Best, Nicola