Citizens Bank is a regional bank headquartered in Rhode Island. An article on crainsnewyork.com quoted the CEO

Question:

Citizen’s Bank is a regional bank headquartered in Rhode Island. An article on crainsnewyork.com quoted the CEO as arguing that “banks that know their communities . . . this is the backbone of the U.S. economy.” Isn’t it important for all firms to know their communities? Would it be as accurate to say that restaurants that know their communities are the backbone of the U.S. economy? If not, what’s special about banks?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

Question Posted: