Historically, banks have turned profits in times of low interest margins through cost cuttingCreated by host on 10/24/2005 9:53:38 AMfrom “Fees: 21st century profitability paradigm”, by Michael Moebs, Hoosier Banker12/98During the Renaissance, the first banks were characterized by net interest margins of about 3 percent. Expenses were low, mostly because labor was cheap. This was […]