The Wall Street Journal reports that, during the pandemic, freshly printed money from the Federal Reserve and U.S. government, in the billions of dollars, was lent or given to big businesses. But much of that money went unspent, and so it’s still sitting in bank accounts, earning interest. The banks aren’t too happy about that. They say spend it or move it.
Banks to Companies: No More Deposits, Please
US Jun 9, 2021
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