Bank of NY Keeping Close Eye on Retail Bank

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005492-bank-of-ny-keeping-close-eye-on-retail-ba/

Bank of New York Chief Executive Officer Thomas Renyi on Thursday said that while he would like to expand the bank’s retail operation, he would reexamine its future if there were any signs its value was not being sustained.

“No one should think that we are passive when it comes to our retail franchise,” Renyi said at the Reuters Commercial and Retail Banking Summit in New York. “It’s not growing as quickly as we think it should.”

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Bank of NY Keeping Close Eye on Retail Bank

Unknown Author

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