Private banking: coming home again
Article Abstract:
Effective private banking services can give banks the opportunity to make competitive gains. Two key factors that can ensure effective private banking are segmentation and management. Segmentation in private banking refers to a bank's ability to identify key customers and provide them with the level of service expected. Effective management of private banking, on the other hand, involves ensuring the provision of friendly, responsive and competent service to these key customers. Banks that can segment and manage the private banking market stand to retain and perhaps gain upscale customers that are increasingly dissatisfied with the impersonal level of service provided by most banks in the era of automated systems and personnel downsizing.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1991
User Contributions:
Comment about this article or add new information about this topic:
Environmental risks worry bankers
Article Abstract:
Banks can be held liable for environmental pollution in properties for which they have loaned money. In addition, a bank's property loans may deteriorate if a borrower's cleanup costs overwhelm their financial capacity to pay. In order to minimize the chances of being held liable for environmental pollution or exposed to a poor credit risk, bank managers should require loan applicants to fill out an extensive questionnaire, should make a public record search, and should have an on-site inspection by experts if pollution is a possibility. In addition, bank managers should include devices in the loan contract such as warranties and representations that limit their liability and should monitor environment risks over the life of the loan.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
How to select the right bank for your business
Article Abstract:
Companies need to understand the process of selecting the right bank for their business. After making a list of potential banking problems, steps in the selection process include determining what a banking relationship should provide; identifying special banking needs; and interviewing top banks.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Digital to abandon red brick complex in Maynard, Mass. Data General will dismiss 1,000 workers. Nintendo looks to MIT for brain-teasing video games
- Abstracts: Optimal price skimming by a monopolist facing rational consumers. part 2 Optimal monopolist pricing under demand uncertainty in dynamic markets
- Abstracts: Xerox Corp. warns of earnings drop on '91 operations. General Kinetics expects growth boost form line of secure facsimile machines
- Abstracts: FCC to grant owner of every TV station another license free. U.S. looks into global radio network using satellites
- Abstracts: Texas Instruments and IBM to pursue manufacturing-automation projects. Texas Instruments to introduce new laptop computer