Sunday, December 15, 2024

Tag: US Banks Suffer Biggest Weekly Deposit Outflow Since SVB Crisis

US Banks Suffer Biggest Weekly Deposit Outflow Since SVB Crisis

from ZeroHedge:

After the massive deposit inflows the prior week, US banks saw total deposits plunge in the week-ending 10/09 (latest data released today), down a stunning $69BN (on a seasonally-adjusted basis), erasing the prior two weeks deposit inflows…

Additionally, for the first time in four weeks, money market funds saw (admittedly small) outflows this week (-$6.5BN), taking them just off record highs…