this March. Since then, some banks have warned the growing deposits could force them to raise more capital, or say no to deposits.JPMorgan Chase & Co.
Banks have several options for unloading client deposits, though they try not to offend their customers in the process. “We’ve been very successfully working with our clients to basically explore and move some of those nonoperational deposits,” said Emily Portney, CFO at Bank of New York Mellon Corp.
I don't understand why the GOP, SenateGOP, HouseGOP want to protect companies from being taxed? They are cash rich while people are struggling to pay for food, housing, healthcare. Many have to have two jobs to make ends meet.
Pay employees more…. Just a thought
Some banks , awash in deposits are encouraging corporate clients to spend the cash on their businesses or move it elsewhere .
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