Bloomberg -- The Business Roundtable, a group whose executive committee includes JPMorgan Chase & Co. head Jamie Dimon, said 21% of surveyed chief executive officers think its unimportant to have a one-stop shop for their financial needs.
Fifteen percent said its very important to have access to a one-stop company for domestic and international financial services and 34% said its important, according to the Business Roundtable, which surveyed its 212 CEOs in July and August and got 148 responses, according to a report released today from the Washington-based group.
Leaders of the biggest U.S. lenders have said their customers need large, international banks to finance operations in the U.S. and overseas. Of the surveys respondents, 98% said their companies rely on large globally engaged U.S. banks for services to help domestic operations, and 89% relied on them for foreign dealings.
The Business Roundtable is a group of CEOs whose members include Bank of America Corp.s Brian T. Moynihan, BlackRock Inc.s Laurence D. Fink and Goldman Sachs Group Inc.s Lloyd C. Blankfein, as well as the leaders of Microsoft Corp., Johnson & Johnson and General Electric Co. The groups members represent companies with a combined workforce of 16 million employees and $7.4 trillion in annual revenue, according to its website.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access