US Banks Face Deposit Drop and Pressure to Boost Reserves
TL;DR Summary
The largest US banks are expected to reveal a $521 billion drop in customer deposits from a year earlier, the biggest decline in a decade, with a $61 billion slide in just the first quarter. The drop comes as customers move to products offering higher rates, despite a late influx of cash following a crisis at regional lenders.
- Top US Banks to Reveal $521 Billion Deposit Drop, Most in Decade Bloomberg
- Biggest US Banks Plan to Bolster Reserves Bloomberg Television
- Appetite for expanded FDIC insurance is strong. Will it last? American Banker
- Big Banks Earnings Projected to Show $100 Billion in Withdrawals PYMNTS.com
- Big Banks That Shored Up First Republic Pushed to Boost Reserves Bloomberg
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