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Thursday, August 20, 2009
4:27 PM TweetThis
  • U.S. bank deposits swell by $500B to a record $7.5T, a sign customers feel the system is working. But large institutions say they're frustrated by a recent trend that sees big customers spreading themselves across multiple banks, in part to sidestep the $250K limit on government insurance.

This news story has 7 comments:

  •  
    LOL. Yeah why would you want to customers to be safe.
    Aug 20 04:34 PM | Link | Reply
  •  
    "But the biggest banks are also watching in frustration as longtime clients spread their business, and their deposits, among multiple other banks."

    Well if they want to keep more of their customers money how about paying higher interests on deposits and charging lower interest on loans and fees etc? Oh do they think that just because they co-opted the government and the taxpayers money they also have the right to unlimited amounts of the private money too?
    Aug 20 04:35 PM | Link | Reply
  •  
    you will take your .05% annual yield on savings on like it citizen.


    On Aug 20 04:35 PM Robespierre wrote:

    > "But the biggest banks are also watching in frustration as longtime
    > clients spread their business, and their deposits, among multiple
    > other banks."
    >
    > Well if they want to keep more of their customers money how about
    > paying higher interests on deposits and charging lower interest on
    > loans and fees etc? Oh do they think that just because they co-opted
    > the government and the taxpayers money they also have the right to
    > unlimited amounts of the private money too?
    Aug 20 04:47 PM | Link | Reply
  •  
    >>But large institutions say they're frustrated by a recent trend that sees big customers spreading themselves across multiple banks, in part to sidestep the $250K limit on government insurance.<<

    So we should accept 0.05% interest rates and the risk of having no FDIC insurance? Unlike banks, savvy individuals try to minimize risk and maximize reward. Banks are stupid and we are onto there evil and greedy ways....hehe.
    Aug 20 04:49 PM | Link | Reply
  •  
    Banks can go f'k themselves, I moved to credit unions last year.

    I urge all to do the same. Banks are leaches sucking off stupid people and the Gov't (same thing? lol)
    Aug 20 05:15 PM | Link | Reply
  •  
    The banks can go to hell
    Aug 20 09:41 PM | Link | Reply
  •  
    Small businesses worried about survival should do the same thing. They also shouldn't rely on a single bank for a line of credit.
    Aug 21 11:48 AM | Link | Reply
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