Bank war on deposits to continue despite US G-Sib relief
Excess cash still too expensive to hold, say dealers
Banks have welcomed US regulators' move to soften the treatment of deposits in the capital surcharge on global systemically important banks (G-Sibs), but are warning the impact of other regulations means banks will continue to shed excess cash holdings.
"I don't think the banks are going to look to attract those unless there is a real economic incentive to do so. I think that economic incentive doesn't exist, or is insufficient," says Steven Chubak, a New York-based analyst at Nomura.
The G-Sib
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