TITLE

TOUGH Times TOUGHER Banks

AUTHOR(S)
Milligan, Jack
PUB. DATE
January 2002
SOURCE
Financial Executive;Jan/Feb2002, Vol. 18 Issue 1, p21
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of bank consolidation on corporate borrowers. Between 1991 and 2001 the number of commercial banks in the U.S. declined from 11,927 to 8,315. Mergers have played a key role, with surviving banks placing greater demands on their customers. Increasingly, banks are insisting upon deeper relationships that go beyond lending to include profitable, high-margin services as cash management or retirement-plan administration. Firms that use a single bank for several services may find the bank more supportive during difficult economic times.
ACCESSION #
11910450

 

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