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Banks Boost Interest Rates to Lure Deposits

'Price war' increases pressure on profit margins, loan funds

By Clay Dillow, Newser Staff

Posted Nov 14, 2008 11:03 AM CST

(Newser) – Banks are boosting interest rates on deposits in an effort to increase the supply of cash available for lending, resulting in what one consultant calls a "national price war," the Wall Street Journal reports. Many banks are pinched between the desire to build... Read full story »

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Banks Boost Interest Rates to Lure Deposits

'Price war' increases pressure on profit margins, loan funds

Ben Bernanke • Citigroup • CDs • interest rate • certificates of deposit • federal funds rate • commercial banks

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