Page 73 - Flip Banks TG

buybacks and dividends. Wells Fargo said it was looking to

give more money back to shareholders after the Federal

Reserve said it wouldn’t allow it to grow any more after its

wave of customer scandals.

The big question is how long the consent order will last. (1,3)

Growing immigrant population

Banks will inevitably have to take into consideration the

constituents of the US population and its growth dynamics.

Particularly, in terms of new and developing accounts,

income distribution and banking fee structures. The

question will hinge on future population income distribution

and attention should certainly be drawn to this area where

at the moment 8% of customers pay 75% of all overdraft

fees, and these tend to be young and poor, and they're
going into overdraft 10 or more times a year. (1)