As fee income changes, deposits become more important

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Changes in the regulatory environment will make it more difficult for banks to rely on income from checking overdraft charges, said Robert Tetenbaum, executive vice president at First Manhattan Consulting Group of New York. Speaking at a breakout session at the American Bankers Association convention in San Francisco on Nov. 10, Tetenbaum said new deposits offer the best opportunity to make up for diminishing fee income.

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