Depositors feeling the pinch as banks bow to Basel III
Seven firms say deposit business is being complicated by LCR and leverage rules
A new drive by banks to limit the size of their cash deposits is starting to hit home, with customers reporting they are being pushed to use other sorts of products, ranging from longer-term deposits to money-market funds and other investments. The trend is a consequence of regulations that are making the business – a traditional cornerstone of banking – newly unattractive.
Risk spoke with seven firms – non-financial corporations, as well as non-bank financials – that said conversations with
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