Ever since the SVB banking crisis, all eyes have been on U.S. commercial bank deposits, which fell $76.2 billion, Fed data shows. Read on.
Play Video
The data offers a mixed picture. Deposits resumed their decline after jumping in the previous week. They had dropped sharply last month in the immediate aftermath of the failures of Silicon Valley Bank and others, and are now at the lowest since July 2021. The Fed’s report, known as H.8, provides an estimated weekly aggregate balance sheet for all commercial banks in the U.S. Economists are closely monitoring it to gauge credit conditions after several lenders collapsed last month.
The data follow earnings reports from several regional banks, which said they expect to earn less from their loan businesses this year. KeyCorp and Fifth Third Bancorp were among those that cut their outlooks for net interest income, while the outlook at Zions Bancorp was lower than expected.Article content
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. bank deposits fall $76.2 billion showing financial system still fragile from SVB crisisEver since the SVB banking crisis, all eyes have been on U.S. commercial bank deposits, which fell $76.2 billion, Fed data shows. Read on.
Read more »
Public-service strike: Union 'fed up' with pace of talks but Ottawa blames unionOTTAWA — Talks between the federal government and the union representing 155,000 striking public servants appeared mired in communication issues on Saturday as both sides accused the other of obstructing negotiations and being too slow to respond to
Read more »
Public-service strike: Union ‘fed up’ with pace of talks, asks Trudeau for help - Terrace StandardPublic-service strike: Union ‘fed up’ with pace of talks, asks Trudeau for help
Read more »
CANADA: Striking public-service union 'fed up', asks Trudeau for helpPublic Service Alliance of Canada president says Prime Minister should take a role in the negotiations and exert his influence to ensure the talks progress more quickly
Read more »
Public-service strike: Union ‘fed up’ with pace of talks, asks Trudeau for help | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
CANADA: Striking public-service union 'fed up', asks Trudeau for helpPublic Service Alliance of Canada president says Prime Minister should take a role in the negotiations and exert his influence to ensure the talks progress more quickly
Read more »