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5 banking predictions that missed the mark

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As president and CEO of the Federal Reserve Bank of Cleveland from 1992 through 2003, Jerry L. Jordan knows more about banks than most of us. He made a number of accurate predictions in his Oct. 1, 1996, speech to the Executive Retail Conference of the Chicago Consumer Bankers Association. But he missed on this one.

He said, "In the future, firms may serve customers by bundling certain financial services that are currently provided separately or may even merge banking-like services with nonbanking services such as concert and sporting event tickets, vacation planning and so on."


 

 

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