Two decades ago, banks lost their prime corporate business to the commercial-paper market.

A decade ago, deposit bases were eroded by the advent of money-market mutual funds. At the same time, thrifts and banks began to feel a margin squeeze from the exploding mortgage-securities market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.