Of all the consequences of an economic slowdown, the growth of safety deposit box renters may not be the first to come to mind, but for compliance officers the trend may translate into headaches. Overall, more than 30 million safe deposit boxes are rented in the United States, holding an estimated $32 billion in property, according to news reports and analysts' estimates. That number has already grown as up to a quarter of bank customers have moved assets to bank boxes and personal safes, said David McGuinn, president of Houston-based Safe Deposit Specialists, a consultancy. The shift - prompted by...
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