Retail deposits have never been more important than they are today for banks in the U.S.  The prolonged low interest rates have ensured a stable stream of revenue from retail deposits at a minimum cost for banks.  Higher interest rates will change this situation and banks are desperate to find ways to keep revenue coming in and keep costs down.  Retail deposits are essential for meeting the regulatory expectations such as Basel III.  As a result, there is a tough competition for retail deposits among banks across the country; new innovations in product development, segmentation, and distribution channels are desperately needed.

This GFMI event will help banks to retain and acquire customers via innovative strategies in pricing, product development, segmentation, and distribution channels.  It will also provide solutions for controlling deposit costs when rates start rising.  Attendees will evaluate the bigger role of retail deposits in balance sheet management and overall business management in a bank.

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