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Nearly $60,000,000,000 Yanked Out of Three US Banks Amid Collapse of Silicon Valley Bank and Other Lenders: Report

Nearly ,000,000,000 Yanked Out of Three US Banks Amid Collapse of Silicon Valley Bank and Other Lenders: Report

Tens of billions of dollars have reportedly left three US banks as depositors look for better alternatives that could generate higher returns on their savings. According to a new Financial Times report, nearly $60 billion worth of deposits have been yanked out of banking giants Charles Schwab, State Street and M&T in Q1 of 2023. […]

The post Nearly $60,000,000,000 Yanked Out of Three US Banks Amid Collapse of Silicon Valley Bank and Other Lenders: Report appeared first on The Daily Hodl.

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