Today’s customer first asks how many ATMs the bank has, how many user_ids would the bank give for net banking, how much it charges for net banking/NEFT/RTGS, how to conduct business from non-home branches, to quote a few. Clearly, better the technology, finer the edge over the competitors.
Notably, as the rising rate of delinquencies of subprime mortgages threatened to impose losses on holders of even highly rated securities, investors were led to question the reliability of the credit ratings for a range of financial products, including structured credit products and various special-purpose vehicles.