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

Manas Chakravarty • May 08, 2023 / 08:02 IST

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

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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