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    HomeNewsOpinionThe slow run on US banks: Deposits in decline even before SVB fiasco

    The slow run on US banks: Deposits in decline even before SVB fiasco

    Even before the collapse of Silicon Valley Bank, total deposits in US commercial banks had been falling

    Manas Chakravarty
    May 08, 2023 / 08:02 IST
    The reason for the steady decline has been the flight of deposits from low-interest-bearing bank deposits to money market funds, which pay more
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