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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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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