‘Most Vulnerable’ US Banks Lost $1 Trillion in Deposits in a Year: JPMorgan US News | The Epoch Times https://ift.tt/K9CMJHL New YORK—JPMorgan Chase & Co. analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits since last year, with half of the outflows occurring in March following the collapse of Silicon Valley Bank. The team of JPMorgan analysts led by Nikolaos Panigirtzoglou did not name any of the banks they categorized as “most vulnerable” or say how many they included in this group. “The uncertainty generated by deposit movements could cause banks to become more cautious on lending,” they wrote. “This risk is heightened by the fact that mid- and small-size banks play a disproportionably large role in U.S. bank lending,” they added in a note dated March 22.... March 24, 2023 at 05:34AM https://ift.tt/fMkF3JT Reuters https://ift.tt/zU6pxoD
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