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Bloomberg Businessweek Weekend - April 21st, 2023
Bloomberg Businessweek
The Importance of Deposits in Banking
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The big banks today are much more complicated financial entities, and they have a lot of different ways to make money. Do they care whether or not they have those individual customer deposits? How important is that to a bank? Well, I think the bigger you get, the more diversified your businesses, the less pressure you're feeling. The era of rock bottom interest rates on savings deposits, I think is really coming to a pretty swift end.
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