In The News

American Banker: Chris McDonnell said that rate is three times what it normally is, and he attributes the spike primarily to customers’ soured feelings over their PPP experiences.

Banking Exchange: One third of small and midsized companies are considering switching their bank in the wake of the COVID-19 pandemic, according to Greenwich Associates.

The Block: Shane Swanson similarly remarked that the competition among trading firms has resulted in price improvement for end-clients. 

ETF Trends: According to Greenwich Associates, six million unhappy small businesses may change banks after suffering through PPP problems when applying through their large banks.

Economic Times: The shaken customer confidence in fast-growing private sector banks has led to a flight to safety for the bigger and more stable banks, such as SBI, ICICI, Axis.and HDFC Bank a study by Greenwich Associates in association...

Business Standard: Share of large private banks in corporate relationships have moved from 27% in 2017 to 32% in 2019, according to Greenwich Associates, a Crisil group company.

Business Insider: "Even before COVID-19, Indian companies were worried about the stability of some banks and their own access to funding and liquidity," says Gaurav Arora, Head of Asia at Greenwich Associates.

The Desk: Relationships are becoming less important when buy-side traders are deciding which counterparties to trade with, as data on previous trading activity takes on a greater importance, according to Greenwich Associates.

Traders: “This isn’t exactly a regular drill that firms have run before,” said Danielle Tierney.

Bloomberg: “...traders will likely have to go back even if they already have three screens at home,” said Parijat Banerjee.