Kelli Moll Quoted by Wall Street Journal on Banks’ Reluctance to Take, Hold Large Cash Deposits

For its article “Big Banks to America’s Firms: We Don’t Want Your Cash,” The Wall Street Journal quoted Akin Gump investment management partner Kelli Moll on reports that banks are discouraging large dollar deposits because of low interest rates and post-financial crisis regulations.

Moll said, “At some point you wonder whether there will be a shortage of financial institutions willing to take on these balances.” She noted that a topic of increasingly frequent conversation has been where to hold cash, as hedge funds are being snubbed by banking counterparties.