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As Daniel K. Tarullo, a Fed governor appointed by Obama, has said, the New Deal regulations "fostered a banking system that was, for the better part of 40 years, quite stable and reasonably profitable, though not particularly innovative in meeting the needs of depositors and borrowers".
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Mr. Albanese said the bank would have enough cash to meet the needs of its depositors.
As fears spread through Sunday that capital controls would need to be put in place, growing numbers of depositors lined up at ATMs, even in affluent city areas, to withdraw what cash they could.
As fears spread on Sunday that capital controls would need to be put in place, growing numbers of depositors lined up at ATMs, even in affluent city areas, to withdraw what cash they could.
This could drastically reduce the demand for sight deposits without changing the behavior of depositors.
First, they put fear into the hearts of depositors.
You can't have one class of depositors who are 100percentt protected and another class of depositors who face risk".
Barclays is one of Britain's largest retail banks, with millions of depositors.
"I would say that the bail-in of depositors is a grossly exaggerated possibility," he said.
But with Cyprus, the treatment of depositors show that the haircut is back with a vengeance.
We dispense with the notion of a bank as a coalition of depositors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com