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<![CDATA[Belton on Price Hikes at Large Banks]]>
"It costs similar amounts to bank a person with five hundred or a thousand dollars as it does a person with ten thousand dollars," says Willie Belton, Associate Professor in the School of Economics. "So if it's going to cost the same amount, the ten thousand dollars is going to give the bank a lot more money to create earning assets." Belton's comments inform a feature on why large banks might not be concerned with the departure of customers with modest account balances to other banks. Source: WSBTV, June 8, 2011See video here
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2011-06-08
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