FACTBOX-Deposit flight from U.S. regional banks raise questions about funding costs

Published on: Monday 17 April 2023

(Reuters) - Regional banks in the United States on Monday reported deposit outflows between 3% and 11% from the prior quarter after customers sought the refuge of bigger banks in the aftermath of one of the worst banking crises. The closure of two regional banks in March shook investor confidence and set off fears over deposit safety after small banks shed $177.5 billion in deposits in March from

News source: https://www.msn.com/en-ca/money/topstories/factbox-deposit-flight-from-us-regional-banks-raise-questions-about-funding-costs/ar-AA19Y2DE

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FACTBOX-Deposit flight from U.S. regional banks raise questions about funding costs