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Can a Simple Word Change Reshape the Brokered-Deposit Market?

American Banker

OCTOBER 5, 2016

Community bankers say that reclassifying "reciprocal deposits" as a less risky type of deposit will help them to compete with large banks. Some deposit brokers are crying foul, arguing that the proposed legislation would put them at a competitive disadvantage.

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Does Brokered-Deposit Bill Give Special Treatment to Promontory?

American Banker

SEPTEMBER 30, 2016

Some providers of deposit-placement services to banks are crying foul over a proposal they say would give the market's dominant player, Promontory Interfinancial Network, an even bigger competitive edge.

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