[Leaning Right]

> Banks continue to lose deposits. <

Not a surprise. It’s probably some combination of folks needing the money now due to Bidenflation and the pathetically low interest rates banks pay.

Typical safe money market fund: 5%
Typical bank savings account: 0.2%

[Migraine]

I did my part. Drew my bank accounts down to just enough to cover monthly expenses using the banks’ capabilities.

[Osage Orange]

I guess it wasn’t the Keating 5

[Vaduz]

As Biden say your not reporting it right huh.

[KarlInOhio]

My main bank offers a savings rate of 4.65% IF you live in a state where they don't have branches. Otherwise you get a fraction of a percent. Bricks and mortar walls are awfully expensive to maintain. I can get over 5% at my broker. No much is left in my bank.

[Jimmy Valentine]

The banks that manage their loan portfolios properly
will be fine. Loan to deposit ratios should run at about 70%.
Margins have been compressed but as rates come down will recover.

[SaveFerris]

(Banks continue to lose deposits)

Many people are scrambling to pay for Resident Joe Biden’s constant inflation

[gloryblaze]

... Indeed, U.S. banks have lost a net $1.1 trillion of deposits since the beginning of 2022 when interest rates began to rise...

I'd think the rising rates would attract dollars to banks.

[sauropod]

.

[mbrfl]

>>”While The Who Sang “The Kid’s Are Alright” ,the same can’t be said of banks.”

You’ve got to really go out of your way to make some connection between The Who and a story about banking. But the writer found a way. Impressive.