Banks have counter-intuitive problem: Too much money and nowhere to put it

As consumers try to find safe places for their cash, they're putting banks in a pickle. Banks actually pay to keep you cash and because they're not lending it or investing it, it's costing them money.

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Money Funds Prepare for Redemption Onslaught

Money market fund story updated with a comment from the Investment Company Institute. NEW YORK -- Money market funds investing in U.S. Treasuries have been drastically reducing maturities in recent days, amid fear that the prospect of a government default may lead to a wave of redemptions.

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