US banking industry
-
The Pressure on US Banking Industry – Is It Still at a Crisis Level?
According to reports, Bob Michele, Chief Investment Officer of Fixed Income at Morgan Asset Management, stated that the pressure on the US banking industry is still at a crisis lev
-
US banking deposits fell by $54 billion in a week before the collapse of Silicon Valley banks
According to reports, in the week before the collapse of three banks triggered global financial turmoil, deposits in the US banking industry had continued to decline. According to data released by the Federal Reserve on Friday, bank deposits decreased by $54.4 billion to $17.6 trillion in the week ended March 8. Deposits have fallen by about $500 billion from the peak set in April last year, exacerbating the pressure on the financial system. After the collapse of Silicon Valley banks and two other banks, the Federal Reserve’s weekly report on…
