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Indian banks, especially those privately owned, are adding branches at the fastest pace in several years to help garner deposits, upending conventional wisdom that increasing familiarity with digital modes of transaction will obviate the need for brick-and-mortar lender facilities.
Indian banks, especially those privately owned, are adding branches at the fastest pace in several years to help garner deposits, upending conventional wisdom that increasing familiarity with digital modes of transaction will obviate the need for brick-and-mortar lender facilities.
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Explain this deal and how it came to fruition, he basically said that this particular deal helps resolve this stage of the crisis, that there are only a handful of banks in america that are caught offsides the way that signature bank, silicon valley bank and first republic were, and that this pretty much resolves this stage of the crisis. for right now, it appears as though the rest of the regional banking system has escaped relatively unscathed. and by the way, over the last couple of weeks, jose, many of these companies, these regional banks in america have reported quarterly results where t...
Denominator, these banks were unable to adjust to the higher interest rates. that seems like a very simple but, you know, major mistake. >> well, you're exactly right. i mean, both of these banks, and, frankly, signature bank as well, were grossly mismanaged. you had an executives who were taking very high risks. basically, betting the bank, literally, that those interest rates were going to stay low for a long time. and it was a high-wire act because if you have a deposit base that's mostly under the fdic and short amount of $250,000, which most banks in the united states have, then you don't...