Banks compete for loans on price as demand remains down

04/26/2011 | (free registration)

Banks are striving to bolster their loan volume, but as demand remains depressed, they are competing mostly on price. "I think all banks are sacrificing a little bit on spread, and they can afford to," said Anthony Davis, managing director of Stifel, Nicolaus & Co. "A lot of banks have the attitude that, if we can get the customers in the door, maybe we have to use price right now to do that. The important thing is getting the market share."

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