The new Basel liquidity and leverage rules are making banks turn away corporate deposits, the Financial Times reports.

“Not only have banks found it increasingly difficult to make a decent return on the deposits amid size zero central bank rates; new post-crisis rules on capital and liquidity have compounded the challenge. Under the so-called liquidity coverage ratio (LCR), corporate deposits, particularly those from other financial institutions, are deemed so flighty that they carry little or no value.”

Read the full story here.