US Bank Deposits Suffer Biggest Weekly Decline Since 9/11 As Tax Man Cometh It's that time of year again and US bank deposits sure showed it While money-market funds' total assets fell over $100BN, on a non-seasonally-adjusted (NSA) basis, total bank deposits crashed by a stunning $258BN as Tax-Day cometh. That is considerably more than the $152BN decline last year but less than the $336BN plunge in 2022 Source: Bloomberg This makes some sense though as the Treasury Cash...
US Domestic Bank Deposits Drop For Second Straight Week On the heels of a major deposit outflow the week before, and a huge (record) money-market fund outflow last week, all eyes are back on the banks again on Friday evening to see if this 'flight' continues as Tax-Day drags cash away from its comfy-5%-earnings-spots. On a seasonally-adjusted basis, total US bank deposits declined for the second straight week (though only $2.4BN) after reaching back to pre-SVB levels Source:...
US banks notified their regulator of 26 closures and only six openings in a week. TD Bank said it would shut 20 branches, scattered along the East Coast. Has your local branch closed recently? Write to
With the stock market rally at its most fragile stage in months, big tech earnings, a reading on economic growth and a fresh inflation print are set to greet investors in the week ahead.
Investing.com-- US stock index futures edged higher Monday, recovering
The market rally is at its most fragile point in months. The S&P 500 (^GSPC) ended Friday below 5,000, its first close below that mark since late February. Meanwhile, the Nasdaq Composite (^IXIC) dropped more than 5% on the week, while the Dow held flat. This week, critical readings on economic growth and inflation, as […]
The lender is the first FDIC-insured institution to fail in the U.S. this year.
The lender is the first FDIC-insured institution to fail in the U.S. this year.
The lender is the first FDIC-insured institution to fail in the U.S. this year.
The lender is the first FDIC-insured institution to fail in the U.S. this year.
Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of "de-banking" certain customers because of their religious or political views. In a letter obtained exclusively by Fox News Digital, Kansas Attorney General Kris Kobach, along with 14 of his Republican colleagues told Bank of America CEO Brian T. Moynihan that the company "appears to be conditioning access to its services on customers having the bank’s preferred religious or political views."...
WASHINGTON (AP) — Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. Join our WhatsApp group Subscribe to our Daily Roundup Email The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in