US banking system

Deposits totaling $100,000,000,000 Will Leave the US Banking System in 3 Weeks, According to a Fed Survey, Raising Concerns About Bank Equitableness

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A recent survey reveals that consumers and companies are taking billions of dollars out of US banks due to concerns about the health of the financial industry. According to the most recent figures available from the Federal Reserve Economic Data (FRED) system, deposits in US commercial banks decreased by $100 billion over 3 weeks, from … Read more

Individuals are “Very Worried About Keeping Their Money in the Bank,” Kevin O’Leary advises as $100 billion leaves the US banking system in 3 months

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Kevin O’Leary of Shark Tank claims that due to the financial industry’s decline in trust, the US banking industry is about to undergo a period of significant decrease. The venture capitalist claims that in the upcoming years, the total amount of regional banks in the US will probably decrease by half. In America, there are 4,100 … Read more