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In Cash Glut, Banks Try To Discourage New Deposits

Wednesday, July 28, 2010 - 1:08 PM
From the American Banker:
Most large and regional banking companies are drowning in deposits, raising concern that excess liquidity could be a drag on earnings in coming quarters.

This is yet another reason for the low deposit rates, and it doesn't appear this will improve in the near term.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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