Coalition Greenwich: U.S. Companies Shifting Bank Deposits in Search of Better Rates, Reduced Risk and Improved Service
November 08, 2023
November 08, 2023
STAMFORD, Connecticut, Nov. 8 -- Coalition Greenwich, a division of CRISIL, issued the following news release:
One third of U.S. small businesses and mid-sized companies are planning to shift deposits from their current banks to a new provider and they are not considering minor adjustments: Almost 60% plan to shift at least half their balances. Among mid-sized companies planning to shift deposits, three quarters plan to move half or more of their deposit balances to a new bank.
One third of U.S. small businesses and mid-sized companies are planning to shift deposits from their current banks to a new provider and they are not considering minor adjustments: Almost 60% plan to shift at least half their balances. Among mid-sized companies planning to shift deposits, three quarters plan to move half or more of their deposit balances to a new bank.