Idk. If you're working overtime hours for bullshit pay, maybe that's something you could take up with your boss instead of insulting poor people on welfare? Maybe you could do it collectively even. Organize something with your coworkers. Is there a word for that?
NEW: Part two of my series on bank industry deposit competition. This one's about banks that are taking advantage of recent turmoil to hire deposit specialists from recently failed banks. Part three coming soon!
Banks are pouncing on the opportunity to hire teams that managed millions, and sometimes billions, in deposits from the recently failed institutions in hopes that the hires will bring in a portion of ...
TIL 87 percent of video games made prior to 2010 are unavailable for purchase anywhere
New study reveals most classic video games are completely unavailable
Here it is! Part one of my three part series on the intensifying bank industry competition for deposits. This story examines the high cost deposit products banks are offering to keep up with competitors. For clients, that means now is the best time to earn interest on their savings in 40+ years.
Building up high-cost deposits brings risks to banks' net interest margins.
Happy Juneteenth!
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/comerica-braces-for-heightened-regulation-as-it-sits-below-100b-in-assets-76161313 Comerica braces for heightened regulation as it sits below $100B in assets
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/comerica-exiting-mortgage-banker-finance-business-amid-funding-pressures-76159103 Comerica exiting mortgage banker finance business amid funding pressures
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/very-challenging-road-ahead-for-bank-liquidity-fifth-third-cfo-76176305 'Very challenging' road ahead for bank liquidity – Fifth Third CFO
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/first-horizon-evaluating-rapid-deposit-outflow-scenarios-in-new-stress-tests-76181205 First Horizon evaluating rapid deposit outflow scenarios in new stress tests.
In wake of the recent industry turmoil, First Horizon is examining how its liquidity would hold up when faced with rapid deposit outflows.