REUTERS/Andy Clark Wall Street is pretty much in agreement that the Federal Reserve will lift interest rates on December 16. What isn't clear is what that will mean for competition for consumer deposits. Put another way, it isn't obvious that consumers will have financial institutions competing for their cash by offering better returns. "There's probably no bigger debate today than this very issue," Wells Fargo CEO John Stumpf said December 8 at the Goldman Sachs Financial Services Confere...
There is one debate dominating Wall Street ― and nobody has the answer (JPM, WFC, C, BAC, BX)
Business Insider - 13 Dec 2015 04:16
REUTERS/Andy Clark Wall Street is pretty much in agreement that the Federal Reserve will lift interest rates on December 16. What isn't clear is what that will mean for competition for consumer deposits. Put another way, it isn't obvious that consumers will have financial institutions competing for their cash by offering better returns. "There's probably no bigger debate today than this very issue," Wells Fargo CEO John Stumpf said December 8 at the Goldman Sachs Financial Services Confere...
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