US Bank Deposits and Lending Continue to Decline Amid Economic Uncertainty
TL;DR Summary
US commercial bank deposits fell by $64.7bn for the week ending March 29 to $17.19tn, marking the 10th consecutive week of declines. Lending conditions tightened further as regulators scramble to shore up confidence in the financial system. Depositors have pulled funds from banks in part over fears about their safety. Financial institutions will stay in the spotlight with key earnings next week. Charles Schwab's net new client assets hit $53bn in March, the company's top executives said Thursday.
- U.S. Bank Deposits Fall For 10th Straight Week As Worries Continue Investor's Business Daily
- US Bank Lending Slumps by Most on Record in Final Weeks of March Yahoo Finance
- Bank deposits edge up after record outflows, Fed data shows Reuters
- US Bank Lending Declines Sharply for a Second-Straight Week Bloomberg
- Bank Tremors Quell The Wall Street Journal
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