X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Watch out for rising bank fees. The troubled economy has “wreaked havoc on the banking industry, putting them in desperate need of capital,” warns Peter Weiland, an internal consultant at Weiland Financial Group in Chicago. Many banks will turn to cash management fee increases to buoy sinking profits, he predicts. They’ll raise fees now “because they need to and because they can,” Weiland says. Cash management relationships are “sticky,” and concern over access to scarce credit makes it even safer for banks to raise fees without fear of losing many customers, he argues.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.