Thursday, December 13, 2007

Corporate fiduciaries are doing well

The banking news isn't only about subprime loan disasters. Trust Updates reports that asset growth is strong at trust departments, and income growth is doing even better:
Average asset growth in the first nine months of 2007 increased to 7 percent compared to 6 percent in the first half of the year.
For the same time periods, average income growth slowed to 8 percent, down by 2 percentage points . However, median income growth remained at 10 percent suggesting that over half of all institutions are still seeing income rise faster than assets. Median asset growth was 7 percent.

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