Banks zero in on wealthy to boost revenue

Overall demand shrinks as number of high-net-worth individuals grows

By Lisa Brown / The Bulletin
July 21, 2011

ST. LOUIS — As the economic recovery sputters forward, banks continue to bleed revenue in such mainstays as commercial lending and, of course, mortgages. So they are increasingly catering to the only customers who have survived the Great Recession relatively unscathed: rich folks.

Customers with....

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