Bankers: Please End This Practice. Or It Will End You.
Jeff For Banks
MAY 21, 2023
I recently spoke at a banking conference where I challenged bankers to end the practice of relying on sleepy depositors that don't demand top rate. You know, the practice of allowing bankers to raise deposit rates only if the customer calls and complains. When I challenged bankers that they can't claim to be trusted advisors to their customers if they engage in this practice, I got push back.