The Consumer Bankers Association has published the results of its survey of bank investment-product sales practices.

The survey, which drew responses from 48 companies representing 164 separately-chartered banks and thrifts, was conducted in the fall.

Key Findings

It covers a wide range of topics, including disclosure and compliance practices, product offerings, expansion plans, salary-and-compensation practices, and product pricing.

Among the key findings: 95% of banks that sell investment products require customers to sign written statements acknowledging that the funds lack Federal Deposit Insurance Corp. coverage.

"Bank mutual funds and other investments are a permanent part of the bank product line, and critical if banks are to remain competitive," CBA president Joe Belew said.

Copies of the report are available to association members for $95, and to nonmembers for $175.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.