Diversification in Banking Is Noninterest Income the Answer ?

  title={Diversification in Banking Is Noninterest Income the Answer ?},
  author={Kevin J. Stiroh},
  • Kevin J. Stiroh
  • Published 2002
The U.S. banking industry is steadily increasing its reliance on nontraditional business activities that generate fee income, trading revenue, and other types of noninterest income. This paper assesses potential diversification benefits from this shift. At the aggregate level, declining volatility of net operating revenue reflects reduced volatility of net interest income, rather than diversification benefits from noninterest income, which is quite volatile and has become more correlated with… CONTINUE READING
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