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BoA and Chase are both above the limit that they have to have a decent chunk of actual non-invested cash. Trump increased the limit of when that is necessary and i haven’t heard of Biden dropping it back down. Lack of cash reserves is an important part of why a number of small-mid size banks were capable of failing.
BoA and Chase are both above the limit that they have to have a decent chunk of actual non-invested cash. Trump increased the limit of when that is necessary and i haven’t heard of Biden dropping it back down. Lack of cash reserves is an important part of why a number of small-mid size banks were capable of failing.