$78,000,000,000 Exits US Banking System in One Week As JPMorgan CEO Issues Alert on Deposit Flight
US banks are witnessing a big increase in deposit flight from their customers. According to newly updated stats compiled by the Federal Reserve Economic Data (FRED) system, $78 billion exited American bank accounts from July 5th through the 12th. The deposit exodus follows a two-week period of relative stability in the system as big banks … Continue reading $78,000,000,000 Exits US Banking System in One Week As JPMorgan CEO Issues Alert on Deposit Flight
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