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This allows the bank to serve a broader set of customer needs without increasing balance-sheet risk while also earning fee income from making the referral.
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The banks have satisfied themselves with earning fees as middlemen.
It then bet against it, earning fees on both ends of the transaction.
Africans have been beneficiaries of the resource boom too, earning fees from oil and minerals.
Lawyers, for example, increasingly help applicants with their claims, earning fees if the claims are awarded.
For starters, banks have grown accustomed to earning fees for making mortgages that they sell to Fannie and Freddie.
For example, they have been earning fees by providing back-office and other services to hedge funds.
The quartet performed in malt shops and Midwestern lounges, earning fees on the order of $5 a night.
A bank could then turn around and make another loan, earning fees while keeping the housing finance wheels spinning.
In addition to treating charity patients in the wards, Cushing would have the opportunity of earning fees from private patients.
In reality, broking firms have every reason to push in-house products, thus earning fees from sales and management, or outside funds carrying high commissions.
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CEO of Professional Science Editing for Scientists @ prosciediting.com