Re:Big Banks Agree to Historic $30B Deposit Injection in Fir...
by criley2 on Friday March 17, 2023 @11:47AM
(#35198632)
It's hardly a rewrite, everyone knows that your deposits with the big 5 are already 100% "too big too fail" anyway.
The only change is that some smaller organizations might also get the same unspoken benefit that the big 5 already enjoy.
This keeps them competitive, and as the US Gov and many folks noted, if they did not do this, everyone would flee to the Big 5 and regional/community banking would be wiped out.
The only change is that some smaller organizations might also get the same unspoken benefit that the big 5 already enjoy.
This keeps them competitive, and as the US Gov and many folks noted, if they did not do this, everyone would flee to the Big 5 and regional/community banking would be wiped out.