Treasury Is Exciting... Where's The Dough?

The current story of the unfolding banking crisis may turn into a brief "dust-up" infecting a limited number of banks or...go beyond the Milky Way. What is certain, is current customers and borrowers of those impacted institutions are facing their own crisis beyond uninsured Federal Deposit Insurance Corporation (FDIC) deposits and access to funds.

The community of impacted business customers is large, unorganized, and in need of old-fashioned banking services, let alone access to basic capital needs. No doubt the commercial banking community is working at a fevered pace to transition accounts, albeit, subject to knowing your customer and the usual regulatory requirements. Hopefully, additional steps will be taken by regulators to unblock accounts and assist customers rapidly to keep basic commercial services flowing.