What Financial Institutions Need to Know
Steve Nikitas, Senior Strategy Director, Harland Clarke, talks interest rates, net interest margins (NIMs), and profitability.
For nearly a decade, the Federal Reserve has held interest rates at historically low levels. In fact, we have not been in the initial stages of an up-rate environment since 2004.
How many product managers, treasurers and chief financial officers in the field today held the same roles back in 2004? Probably very few, if any. Thus, the learning from past experience is distant at best, nonexistent at worse.
So what’s a financial institution to do?
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