Roger:
One can't know for sure at this point, but I have my doubts that a big bank could enter and dominate, as their culture is permeated with the Bricks & Mortar mentality, their cost structure is high, and their attitudes are not 'internet moderne'.
What would be a big bank's competitive advantage? Several, including deep pockets,obviously, but not sufficient, IMO.
Personally, I see lots of new, small banks, more in the mode of Bob's comments.
This bank discussion has reminded me of how much the economy may shift over the next decade due to the efficiencies of the internet. Buy a car, bank, reduce the real estate agent's stranglehold on information, et cetera.
Peter |
