Did QE Make Banks Say No To More Money? 3

Big American Banks are turning away large corporate deposits

As the Fed’s SLR regulatory concession expired at the end of March ‘21, banks now have to hold more capital against historically high levels of bank reserves.

This has led to banks having to turn away deposits from their largest corporate clients.

Even though this sounds like an innocuous enough problem, it comes with second order effects that can ripple through the broader system.

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