When to Shut Down a Business Line

The shifting economy has led several banks to rethink commitments to certain businesses. Here are six questions bankers should ask before pulling the plug.

Happy Monday, Bank Slaters!

Let’s talk about exiting business lines.

I touched on this topic last year in a newsletter about banks making changes to their mortgage operations as rates started rising. Several backed away by exiting direct-to-consumer operations or related businesses such as correspondent and warehouse lending.