More banks are generating revenue growth from fees and other types of non-interest income as low interest rates flatten profit margins on new loans.
"That is something every bank is talking about," Raul G. Valdes-Fauli, president and chief executive officer of Coral Gables-based Professional Bank. Loan profitability "is getting squeezed, so banks are having to almost scramble to find other ways to help out the bottom line."
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