Dodd-Frank expected to set off new competition for customer deposits
by Ted Carter
Published: July 4,2011
Tags: banking, Congress, Dodd-Frank Wall Street Reform and Consumer Protection Act, finance, too big to fail
Bankers should be prepared to raise more capital reserve money without looking for it in the places they are used to finding it. And in a first for the U.S. banking sector, bankers should prepare to pay interest on the “demand deposit” accounts held by businesses. Those are among the challenges the Dodd-Frank Wall Street [...]
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