US banks suffer record deposit outflows – WSJ
Sep 15th 2022 2:01am EDT
The Federal Reserve’s inflation-calming moves are reportedly driving money out of the banking system Deposits at American banks plunged by a record $370 billion in the second quarter of the year, the first decline since 2018, the Wall Street Journal reported on Tuesday, citing data from the Federal Deposit Insurance Corporation. According to the report, […]
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