The Bankwatch

Tracking the consumer evolution of financial services

Lots of contradictions in the economy, and banks’ response is to promote deposit accounts

What an interesting and contradictory set of headlines.  We really are an an economic crossroads with no roadmap.  The only change I observe with Banks at least in Canada is that they have directed their advertising towards deposit accounts and Investment Certificates.  Interesting times.

Financial Times

US banks ease lending standards
Geithner calls for housing finance reform
US housing starts make modest rebound
US house mortgage arrears mount
US pressure grows to extend tax cuts for rich
US Housing
US yields
US builder slump deepens in August
Call for careful overhaul of US mortgage lending
Fed needs firepower to zap deflation monster

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Written by Colin Henderson

August 17, 2010 at 14:30

Posted in Banking Strategy

One Response

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