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Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Banks Load Up on $1.2 Trillion in Risky ‘Hot’ Deposits

Banks Load Up on .2 Trillion in Risky ‘Hot’ Deposits

At midyear, Zions Bancorp reported holding $8.5 billion in brokered deposits, an obscure but costly banking industry product that is drawing attention from regulators. At this time last year, the Salt Lake City-based bank had practically none.

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