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US Banks Saw $65BN Deposit Flight Last Week, Loan Volumes Shrank

From ZeroHedge

Having seen The Fed’s QT appear to stall in February, as Reverse Repo liquidity withdrawal accelerates, all eyes are once again back on the situation on bank’s balance sheets and how deposits are standing up (‘adjusted’ by The Fed’s magical seasonals). Source: Bloomberg And […]

Feb 16th 2024 4:40pm EST

Source Link: https://www.zerohedge.com/markets/us-banks-saw-65bn-deposit-flight-last-week-loan-volumes-shrank

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Citizen 1y ago

Looks like the pressure to close small local banks is working...

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