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Why wealth deposits remain a sore spot for banks

Published on: Wednesday 09 August 2023

During the recent banking crisis, both businesses and wealth management clients moved their money out of banks. Commercial deposits have since recovered, but those in wealth accounts continue to decline amid fierce competition from both inside and outside the banking system.

News source: https://www.americanbanker.com/news/why-wealth-deposits-remain-a-sore-spot-for-banks

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My Financial News from Mongolia, Bank deposits

Why wealth deposits remain a sore spot for banks