US banks to reveal massive deposit drain – Bloomberg    ...News

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US banks to reveal massive deposit drain – Bloomberg   
Earnings reports likely showing over $500 billion in outflow from major lenders raise new questions about the health of the sector The largest US banks have likely seen over half a trillion dollars in deposit outflow from a year earlier as customers rushed to withdraw their savings following a banking crisis at several regional lenders, Bloomberg reported on Wednesday. Concerns are mounting about the health of the banking sector ahead of the deposit data that will be unveiled when major US banks report first-quarter earnings. JPMorgan, Citi, and Wells Fargo are slated to kick off earnings season on Friday.   Banki

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