Bank of America sees $15B in deposits after SVB collapse.
TL;DR
Bank of America has reportedly received over $15 billion in customer deposits following the closure of three US banks in a week, including Silicon Valley Bank, Signature Bank, and Silvergate Bank. The failure of these banks has led to deposit outflows from regional and smaller banks, with customers seeking perceived safety in larger institutions.
Topics:businessfinance#bank-of-america#customer-deposits#deposit-inflows#finance#regional-banks#silicon-valley-bank
- It's raining money on Bank of America. Inflows of over $15 billion reportedly seen amid SVB fallout MarketWatch
- BofA Gains More Than $15 Billion in Deposits After SVB Fails Bloomberg Television
- Bank of America gets $15B in new deposits after Silicon Valley Bank collapse: report New York Post
- How JPMorgan Maneuvered During the Fall of Silicon Valley Bank The Information
- U.S. banking behemoths attract flood of deposits after SVB collapse -sources Reuters.com
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