Regional and Big Banks Struggle with Deposit Declines Amid Economic Turmoil.

Deposits at US Bancorp and Citizens Financial Group dropped during the first quarter, while Western Alliance saw a surge in deposits by $2 billion since the end of the first quarter. US Bancorp's net income was up from a year ago, while Citizens Financial's net income was down 7% from the year-ago quarter. Western Alliance's net interest income jumped more than 35% from the year-earlier period, but its deposits fell by $6 billion during the first quarter.