Money-Market Shifts Are Bad News for Profit-Starved Global Banks

Fidelity’s closure of some prime money- market funds won’t create any immediate issues for foreign banks, but it is a negative omen of long-term developments.

Money-Market Shifts Are Bad News for Profit-Starved Global Banks
Fidelity’s closure of some prime money- market funds won’t create any immediate issues for foreign banks, but it is a negative omen of long-term developments.