Pete (Peter) Duffy
speaker
590 appearances
1 recordings
1 series
first heard Jul 2026
last heard 10 Jul
Pete (Peter) Duffy’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
You're gonna pay insurance on borrowings, not just deposits.
Now the credit unions don't pay insurance on borrowings yet.
But here's the impact that that's had.
And why, among other reasons, why I've been saying
Regulation
And changes in regulation are a driver of consolidation. 'Cause here's what the banks the big banks did.
The banks and credit unions were always right on top of each other on cost of deposit.
Now you'll hear around the industry, well, credit unions offer higher rates.
They probably do.
But what the banks do is they pay the rate that they need to to get the money in.
And so they don't go off their rate sheets for the most part.
So the way to understand who's paying more is to take interest paid on deposits.
And you can look that up by doing the research on SP Global off the call reports.
So that's a long way around explaining that I started presenting to credit unions right after Sheila Barrett, the FDIC, changed that on the banks.
to make them pay insurance on borrowings, I started predicting to boards, you're gonna want to boost your yield on earning assets, do better in the investment portfolio, keep getting scale, because the banks are about to turn deposit gathering into a war.
Because borrowing costs are here, but core deposits cost this.
So if you're the bank
You're not gonna borrow anymore.
You're gonna go after core deposits like never before.
And here's what happened.
Showing 341–360 of 590 · page 18 of 30
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