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Is The Banking Industry Entering A Period Of Stagnation?

Sunday, October 20, 2013 - 10:29 AM
From the Washington Post
Wall Street banks are in a bit of a holding pattern. The once booming mortgage market has fizzled. Trading bonds and other securities is not as profitable as it used to be. And there are few avenues for business expansion.

Yet some of the biggest drags on bank balance sheets, including troubled loans and high litigation expenses, have eased at most firms. Still, based on third-quarter results from more than a dozen banks, it appears that the industry has entered a period of stagnation.
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6
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,675
1. Sunday, October 20, 2013 - 10:48 AM
Unless I missed it, no where in that entire report did it state how this "stagnation" may affect regular depositors and purchasers of CDs.  Will rates go even lower?  Will banks still accept deposits and sell CDs?
4
paoli2paoli21,140 posts since
Aug 10, 2011
Rep Points: 5,087
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