The Big 6 Canadian banks experienced strong results for 2Q17 in spite of major events in the quarter.
The Federal Reserve raised the Fed Funds rate another 25 bps as expected — the fourth increase since 2015 and the third in a more recent series of moves.
Growth in interest-bearing deposits is far outpacing growth in non-interest bearing deposits…could this signal the beginning of a large shift in balances as rates rise?
Lackluster results with continued weak loan and deposit growth as well as a small decline in ROA
Opportunities in a promising new environment
In the next phase of customer migration from branch to digital, every aspect of face-to-face and voice-to-voice interaction needs to be mapped and evaluated for digitization.
Executive teams contemplating a direct bank should prioritize three major agendas: strategy, analytics and the target growth model.
With the continuing decline of branch visits, a robust appointment setting process for both customers and sales associates is now an integral component of retail sales.
For too long, funding has been a neglected cousin in the strategic planning process. But there are storm clouds gathering — driven by rising rates, competition and increased regulatory focus on liquidity. Going forward, banks need an enterprise-wide strategic funding optimization approach.
The value of M&A is changing. Traditional acquisition synergies are giving way to new sources of value, and banks will need to adapt.