CAN THE LONE-STAR BANKERS SURVIVE THE SQUEEZE?
Need a Porsche? Want an Arabian horse? Just deposit a little in a Texan bank.
The lower that oil prices fall, the more difficult it becomes for Texan banks to keep deposits on their books. And the premiums they have been offering to depositors– including high-grade horses and cars–are a sign of how anxious the once-proud Texan banker has become.
Another is the way in which the banks of Texas are anxious to tell the world about the underlying strength of their institutions.
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