02-04-2023, 01:56 PM
David Hollerith·Senior Reporter
Sat, 1 April 2023 at 5:08 am SGT
Depositors drained another US$126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data. This time the outflow came from the nation's largest institutions.
The biggest 25 banks lost US$90 billion on a seasonally adjusted basis, according to the Fed. The smaller banks, which suffered massive withdrawals the previous week as regulators seized regional lenders Silicon Valley Bank and Signature Bank, were able to stabilize their outflows. They actually gained back US$6 billion on a seasonally adjusted basis.
Better to read full report at: https://sg.finance.yahoo.com/news/deposi...51940.html
Sat, 1 April 2023 at 5:08 am SGT
Depositors drained another US$126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data. This time the outflow came from the nation's largest institutions.
The biggest 25 banks lost US$90 billion on a seasonally adjusted basis, according to the Fed. The smaller banks, which suffered massive withdrawals the previous week as regulators seized regional lenders Silicon Valley Bank and Signature Bank, were able to stabilize their outflows. They actually gained back US$6 billion on a seasonally adjusted basis.
Better to read full report at: https://sg.finance.yahoo.com/news/deposi...51940.html