$197,700,000,000 in Deposit Flight Hits US Banks in Three Months As Billions of Dollars Piled Into Money Market Funds: Report
October 11 2024 - 12:48PM
The Daily Hodl
Depositors are pulling billions of dollars out of the
traditional banking system, according to a new report from the
Federal Deposit Insurance Corporation (FDIC). The agency’s new
quarterly banking profile says domestic deposits decreased $197.7
billion in the second quarter of this year. That’s a 1.1% decline
and a reversal from Q1, when US banks […]
The post
$197,700,000,000 in Deposit Flight Hits US Banks in Three Months As
Billions of Dollars Piled Into Money Market Funds: Report
appeared first on The Daily Hodl.
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Continue reading $197,700,000,000 in Deposit Flight
Hits US Banks in Three Months As Billions of Dollars Piled Into
Money Market Funds: Report
The post
$197,700,000,000 in Deposit Flight Hits US Banks in
Three Months As Billions of Dollars Piled Into Money Market Funds:
Report appeared first on
The Daily Hodl.
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