Contributor : Steve Kinner
Bankers are weathering a dramatically different interest rate environment and will need a new set of tools and strategies to craft versatile balance sheet solutions.
Banks have another important, and arguably better, deposit-gathering tool at their disposal—reciprocal deposits.
It has become clear that the competition for deposits is reaching highly competitive levels, forcing banks of all sizes to consider new strategies.
This rate environment is unlike anything bankers have seen in almost a decade. Here’s how a bank’s board can approach the topic.