U.S. Banks Getting Big Inflow of Deposits, But Savers, Investors in for Disappointment

Experts say it's not 2008, and consumers shouldn't lose sleep over the safety of their money in the bank. They should, though, expect lean years ahead both for investors and account holders. "Our banks are still a safe place to keep your money, you're just not going to get much interest. The bank stocks might not be such a safe place to keep your money," says Mike Mayo, managing director, banks, for CLSA. Stocks of the biggest U.S. banks showed modest gains today, continuing their rebound...Full Story
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