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What does “placing assets” mean here? If I walk in to Citi and say “I have ten million bucks and will need to withdraw them half a million per month” are they
by biztos 4y ago
What does “placing assets” mean here?
If I walk in to Citi and say “I have ten million bucks and will need to withdraw them half a million per month” are they really not going to take my deposit?
I get that they might not want to loan me money, but the SVB problem everyone’s worried about is losing their deposits, or do I have that wrong?
- oefrha 4y ago> If I walk in to Citi and say “I have ten million bucks and will need to withdraw them half a million per month” are they really not going to take my deposit? They will take your deposit, and the banker will even get a nice fat bonus for bringing in big cash deposits (well maybe not a fat one for a meager $10m). Gp doesn’t know what they’re talking about.