Magazine : Archives : 3rd Quarter 2018

Fighting for Deposits

Bankers and other major business leaders have no doubt celebrated the return of a powerful U.S. economy over the past couple of years and promising signs of continued economic success. But with all the positive signs, including strong earnings and upbeat investor calls, there’s a bit of still one major issue that most bankers are concerned about. For several years, banks have often been described as being flush with deposits, an accurate assessment mainly due to consumers being far more cautious in investing and spending money with the vivid memories of the crisis that financially crippled millions of investors and...