Surveillance: Bank Turmoil with KBW's Michaud
Bloomberg Surveillance
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The Impact of Bank Panics on the Economy
The banking system is not working, says Tom Zoellner. It creates a lack of confidence in the banks that make loans to middle and small America," he says. The big banks today have 60% of the deposits in U.S., but they don't make enough loans for those who need it most,. "I think long term down the road, we are not going to be in a good place," zoellner adds.
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