Summary
"It's quite a change from the past three decades," [John M. Fitzpatrick] added. "Back then, banks stressed their ability to stay independent, instead of being acquired by a big bank. Now, they're stressing their ability to survive."
To some degree, many of the financial products banks offer have become commodities, said John M. Fitzpatrick, senior vice president of retail banking at Spencer Savings Bank in Elmwood Park.See the full content of this document
Extract
New Jersey's Banks Plagued by 'a Loss of Confidence'
BANKS ARE GOING back to basics as they struggle for customers in a weak economy, say industry...
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