Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Big Bank Lending Remains Weak

Monday, October 15, 2012 - 3:43 PM
From Fortune via CNNMoney.com
The question is why. It's not because the banks don't have cheap money to lend. At Citi, for instance, deposits, which the bank pays often no interest on these days, grew by $30 billion in the past three months. Yet, lending only rose by $4 billion. Before the credit crisis, banks used to lend about 90% of their deposits.

Read more

It's another example of deposits growing more than loans which doesn't bode well for deposit rates.
3
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,699
Reply