ARCHIVED  February 1, 1998

Banks expand financial-services offerings

By

Stocks gained 33 percent in 1997 and set a record for gaining more than 20 percent for the third year in a row.The enormous success of the bull market has sent banks scrambling to compete for those investment dollars that new investors are pouring into the stock market.
People have watched the stock market zoom and now think it is the place to make money. The low interest rates offered by banks for certificates of deposit, savings accounts and money-market accounts are no longer appealing to customers. So banks are changing their strategy. If you can’t fight ’em, join ’em.

SPONSORED CONTENT

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: ARCHIVED Industry News
Sign up for BizWest Daily Alerts
Closing in 8 seconds...