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Citigroup has desired cheaper and more stable customer deposits, especially as the capital markets have frozen up.
It would also give Citigroup access to more stable customer deposits, allowing it to rely less heavily on outside investors for funds.
Amassing a retail deposit base in the United States could help ensure that further growth is financed by relatively stable customer deposits rather than by short-term sources of funds that can dry up.
In addition to restaurants and hotels, the company's clients include health care and educational facilities, two groups that would seem to offer a stable customer base even in difficult times.
The last 50 years has seen a shift in the nature of work, from mass production, with stable customer requirements and slowly changing technology, to the current situation where every product or service may be supplied against a bespoke design, and technology changes continuously and rapidly.
And, since everyone would have money to spend, it would maintain a stable customer base for businesses.
Similar(52)
Polling shows that many Americans think financially stable customers have the same opportunities to obtain good housing regardless of race, he added.
"For those long-term, stable customers who don't like to change things, they can sell more services and software and cut the combined expense".
Our cash, retained earnings, and net worth will increase steadily as we establish a stable, returning customer base.
It's a regular, guaranteed, stable income; customers commit for a year.
But as ARM's chips have become increasingly powerful, the company's stable of customers have begun to create devices that directly compete with those powered by Intel.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com