Bank of America is in danger of losing 10.3% of its retailcustomers over the next 12 months, according to a new survey.
The survey also showed that the country's 10 largest retailbanks may lose $185 billion in deposits over the next 12 months,its author said.
The Connecticut-based consulting firm, cg42, released the studyearlier this week based on a survey of 5,600 big bank customers.Half the respondents said they were dissatisfied with their bank,71% said their banks do not have the customers' best interest inheart, and 70% said they want to spread their relationships outamong several banks.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.