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Banking lobbyist bans staff from using terms like ‘bank failure’

Por: New York Post Business March 31, 2023

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The American Banking Association isn’t wild about the phrase “bank failure” and is instead telling staff to give the gentler monikers such as “idiosyncratic liquidity disruption,” sources told On The Money.  The banking trade group is telling staff to say the banks that went belly up simply “closed” and avoid phrases like “liquidity crisis” or “failure” in all speeches, emails, and conversations, a source adds.  ABA CEO... + full article



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