TrustCo currently has excess cash on its books, giving it the opportunity to improve its asset mix and boost margins. See why I'm adopting a buy rating on TRST.
In April 2022, four rural banks in the Chinese province of Henan announced the freezing of what turned out to be roughly 40 billion renminbi (or about $6 billion) of retail deposits.
The flip side of raising rates is some sort of recession. What I can virtually assure you of, in the weeks and months ahead, is a serious bout of volatility.