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Small U.S. banks lose 1.9% of their deposits after SVB failure

Por: MarketWatch Politics March 25, 2023

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Wall Street is watching the Fed report closely to see if a so-called credit crunch emerges following the failure of SVB and two other domestic banks. The emergency rescue of Switzerland-based Credit Suisse last weekend had added to the stress. Key details: The decline in deposits at small banks reflected some investors moving their cash to what they viewed as safer institutions. Deposits at larger banks rose by $120 billion to $10.8 trillion,... + full article



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