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Banking and Lending

The Case for Narrow Banking

The Case for Narrow Banking

By Bram Berkowitz | March 7, 2019 | Reprints | Unlock Link

When the Federal Reserve began paying interest on reserves, James McAndrews saw an unmet demand in the institutional investor marketplace for a safe deposit service that would pay a more competitive interest rate. From this has sprung McAndrews’ latest venture, TNB USA Inc.