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Treasury's McKernan sees sea change in deposit behavior

Treasury's McKernan sees sea change in deposit behavior

Update: 2025-11-18
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Treasury Under Secretary for Domestic Finance Jonathan McKernan said he is concerned that the traditional bank funding model of taking in low-cost deposits and making more lucrative loans could be set for a shakeup as fintech challengers get more competitive.
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Treasury's McKernan sees sea change in deposit behavior

Treasury's McKernan sees sea change in deposit behavior

John Heltman