Banks Seek Relief as More Investors Move to Cash
As more investors move to cash as a defensive move against another possible downturn, U.S. regulators have asked some banks to take more deposits from large investors even if it’s unprofitable. Bloomberg reports lenders in return are seeking relief on insurance premiums and leverage ratios.
An equitable solution
With an overwhelming number of mutual fund products offered by hundreds of companies and money managers, price competition should be stiff and prices low. But...