Posted by: spectrumjobs | January 12, 2010

Banks Bet Big On Consumer Lending Again

After scaling back on risky lending in 2008, bankers are once again aggressively wooing retail borrowers. The consumer is king and this is the mantra that bankers are going back to, as they line up new products at attractive interest rates.

As the economy shows some signs of improvement, bankers are now focusing on consumer-oriented loans by introducing new and innovative products.

The economy is reviving, the job scene is heating up and salaries are rising, pushing customer back to their bankers.

As more and more consumers start to pick up loans, bankers are aggressively trying to draw them in with low rates and new products

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