Wary finance chiefs have flooded banks with corporate deposits. Banks are trying to get them to do something else with their money.
this March. Since then, some banks have warned the growing deposits could force them to raise more capital, or say no to deposits.JPMorgan Chase & Co.
Banks have several options for unloading client deposits, though they try not to offend their customers in the process. “We’ve been very successfully working with our clients to basically explore and move some of those nonoperational deposits,” said Emily Portney, CFO at Bank of New York Mellon Corp.
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