The Fed Versus the Narrow Bank (Matt Levine)(bloomberg.com)
bloomberg.com
The Fed Versus the Narrow Bank (Matt Levine)
https://www.bloomberg.com/opinion/articles/2019-03-08/the-fed-versus-the-narrow-bank
1 comments
I think this article is particularly relevant after SVB. Also the large interest rate differential on most American checking accounts vs FFR.