But by 2010, the Goldman researchers predict, stocks and mutual funds will climb to 39% of household savings and insurance to 34%-while bank deposits drop to 18%.
The bank said the drop reflects lower revenues in market-making activity to facilitate client needs.
The union representing workers at the Britannia building society has said it is "disappointed" that the Co-operative bank is to drop its name.
The drop in Bank of America short interest coincides with recent strength in the stock.
Standard Bank said the sharp drop in the net-long position was equal to a 19.2% week-over-week drop, which they said made silver the worst performer among the precious metals.
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In exchange for setting up a bi-weekly payment plan, the bank was even willing to drop .25% off of my interest rate.
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Even if that understates the real picture, it suggests a sharp drop in central-bank purchases of American bonds compared with 2004.
Goldman traders made a mint betting house prices would drop even as the bank continued to sell mortgage-backed securities, leading some to question its claim that clients come first.
Even then, facilities are likely to shrink as non-bank investors such as hedge funds drop out of loan syndicates and banks that had only extended money in the hope of ancillary business also draw back.
If you think these currencies won't drop further, find a bank or broker who can buy local treasury bills or high- quality bank deposits.
Bank of America recorded a 63% drop in fourth-quarter earnings thanks to a pair of hefty mortgage settlements, but that beat expectations and seemed downright rosy compared with the disappointing results from rival Citigroup.
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Then there is Bahrain Islamic Bank, which recently saw its quarterly profit drop 40% year over year.
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For Prof Miles, this raises an obvious question: what, exactly, do we get out of a "helicopter drop" - or the bank just extinguishing all the gilts it has bought - which we do not get out of the policy we have now?
Normally, a bank with such large positions protects itself against a drop in the value of its options.
Inflation, at 3.1% in the fourth quarter, is only a tad above the bank's target, and it is forecast to drop back this year.
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The mortgage lender pointed to a continued slide in enquires from new buyers, as reported by estate agents, and the recent drop in new mortgage approvals recorded by the Bank of England.
Contrast that with the Bank's forecasts, which show a much sharper drop in the growth rate in 1998 as the strength of the pound finally hits exports, before a rebound in 1999.
The regular weekend drop-in clinics were not held over the bank holiday weekend but have returned on Saturday between 10:00 and 16:00 BST.
The Barclays global business confidence index declined further in May, to -0.45 from -0.02 (three month moving average), the largest single drop in this series since December 2008, the investment bank said on Tuesday.
Beijing has to drop deposit rates when it cuts lending rates to maintain bank margins, and that is in fact what the central bank did on Thursday, reducing the benchmark one-year rate for deposits by 25 basis points.
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The pound did drop to a session low near 1.5545 after Bank of England (BOE) Governor Mervyn King told the Treasury Select Committee that it was right for the MPC to remain willing to use loose monetary policy in an effort to stimulate the economy.
Yesterday, the Reserve Bank of India released its annual report ( pdf) revealing a huge drop in private investment.
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"The bank has made it clear that it also needs to see a sustained drop in consumer price inflation and, perhaps most importantly, a run of better external deficit numbers, " he added.
Bank of America was down again almost 11 per cent yesterday after a drop on Monday of more than 20 per cent, mitigated by a temporary rebound of 16 per cent on Tuesday.
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One day after Swiss investment bank Credit Suisse published a report last week saying that a 10% drop in the euro should translate into a 11% gain in earnings for European companies, making their shares attractive investments, its national rival UBS came out with its own report, saying pretty much the same thing.
On Wednesday, a Bloomberg survey said that the six largest U.S. banks, including JP Morgan and Wells Fargo, may post an 11% drop in first-quarter profit, threatening a rally that pushed bank stocks 19% higher this year.
So I watch my investments drop or return 1% while I pay 5% to the bank and if I use any money from my retirement fund to pay the mortgage it gets taxed as income and I get hit with a 10% penalty.
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Several dealers said they had heard the market movements even prompted a large Japanese bank to sell a huge amount of JGBs on Friday, contributing to the temporary drop in prices and spike in yields.
Prior to Sarbanes-Oxley, researchers at Cornell and Dartmouth universities found that analysts affiliated with the underwriting bank issued buy ratings to prop up dropping stocks, only to watch the stocks drop further after the buy rating was issued.
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