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Friday, December 30, 2011

Trading personal banking relationships for convenience

Summary: The way banks do business has changed dramatically over the past three decades. Regulatory changes have opened the market to competition beyond the traditional bank model and its geographic scope and product offerings. Banks have shifted to using electronic technology for transactions, and customers now make fewer transactions inside the branches. Also, bank consolidations have continued at a rapid pace, resulting in fewer community banks and the growth of banks "too big to fail." Read the entire article through this hyperlink - Trading personal banking relationships for convenience

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