Minneapolis Fed President Kashkari Says Small And Midsize Banks Feel Deposit-Constrained; Biggest Banks Have A Lot More Liquidity; Higher Capitalization Across Us Banks Would Better Position The U.S.
Portfolio Pulse from Benzinga Newsdesk
Minneapolis Fed President Kashkari stated that small and midsize banks are feeling deposit-constrained, while the biggest banks have more liquidity. He suggested that higher capitalization across US banks would better position the U.S.

July 12, 2023 | 2:38 pm
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NEUTRAL IMPACT
The statement by Minneapolis Fed President Kashkari may impact the banking sector, which is a significant part of the SPY ETF. The suggestion of higher capitalization could lead to changes in the banking industry.
The statement by Kashkari could lead to regulatory changes in the banking industry, which could impact the performance of banks. As banks are a significant part of the SPY ETF, this could potentially impact the ETF's performance. However, the exact impact is uncertain and would depend on the specific changes and how they are implemented.
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IMPORTANCE 60
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