Aug 17 2009 5 mins 1
Already in 2009 we've seen more than double the number of bank and credit union failures than we saw in all of 2008. Where will it end? Which big institution is next to fail?
To gain insight on market trends, we interviewed Christine Barry of AITE Group LLC on:
Why Colonial Bank is likely to be the largest failure of the year;
How many more institutions are likely to close through the end of the year;
How the banking landscape is being altered by these failures.
Barry serves as a Research Director at Aite Group LLC, focusing on the strategies and technology implementations of global banks of all sizes. Her recent research has addressed remote deposit capture, best-practices for credit unions, capturing the valuable small-business customer, global cash management trends, and core banking system replacement. She is an acknowledged banking industry expert with more than a decade of experience in financial services products and technologies. She has worked with a broad range of U.S. and international clients analyzing industry trends and identifying market opportunities, product gaps and potential partners to help them achieve their strategic IT goals.
