Banks need money to operate; if they cannot get it from services (e.g., ATM fees) or products (loans to customers), then they borrow it. They borrowed a record $188 billion per day last week.
US banks borrow record amount
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Banks need money to operate; if they cannot get it from services (e.g., ATM fees) or products (loans to customers), then they borrow it. They borrowed a record $188 billion per day last week.