​US Banks Suffer Biggest Weekly Deposit Outflow Since SVB Crisis – Tyler Durden

US Banks Suffer Biggest Weekly Deposit Outflow Since SVB Crisis After the massive deposit inflows the prior week, US banks saw total deposits plunge in the week-ending 10/09 (latest data released today), down a stunning $69BN (on a seasonally-adjusted basis), erasing the prior two weeks deposit inflows… Source: Bloomberg On a non-seasonally-adjusted basis, banks also deposit outflows ($59.5BN)… Source: Bloomberg Additionally, for the first time in four weeks, money market funds saw (admittedly small) outflows this week (-$6.5BN), taking them just off record highs… Source: Bloomberg That is only the second weekly outflow from MM funds in the last three…  — Continue at ZeroHedge News : Read More