Banking's Curious Lack of Profits in Fee-based Businesses
Jeff For Banks
OCTOBER 5, 2012
'Remember the good old days when bankers talked big about their fee income prowess? And bank stock analysts issued glowing reports about revenue diversification, and the banks that get “it”. As a side note, if anybody knows what “it” is, please let me know. Because in the fee based business game, “it” appears to be wasted effort. Why? Because most of us are not making serious money, if we’re making anything at all, from our fee-based lines of business (LOBs).
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