When the Federal Reserve flooded the economy with cash during the Covid-19 pandemic it exacerbated a problem for America’s largest banks: What to do with all the extra deposits.

Now that interest rates are set to fall four years later, the payoffs from the differing approaches at JPMorgan Chase & Co. and Bank of America Corp. are abundantly clear: The former’s choice to keep spare cash in money markets or at the Fed turned out to be the much more lucrative strategy than investing in bonds.

QOSHE - How JPMorgan’s Cash Call Beat Bank of America - Paul J. Davies
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How JPMorgan’s Cash Call Beat Bank of America

18 7
22.04.2024

When the Federal Reserve flooded the economy with cash during the Covid-19 pandemic it exacerbated a problem for America’s........

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