Russack, Richard A.
August 1985
FE: The Magazine for Financial Executives;Aug1985, Vol. 1 Issue 8, p18
Trade Publication
This article focuses on the current trend in the banking industry. Deregulation presented the banking industry with culture shock, said Roger L. Breezley, vice chairman and chief operating officer of U.S. Bancorp and its principal subsidiary U.S. National Bank of Oregon. The transition that is changing banks into financial service companies is just one of the major trends resulting from the deregulation of the banking industry. But highly significant is how closer it brings bankings finance departments to those of other industries in corporate the U.S. The banking industry evolved over 150 years in the U.S. with a set of rules that were extremely clear and straightforward, and with known boundaries.


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