US Bank Deposit Outflows Stabilize, Says US Official
TL;DR
US bank deposit outflows have stabilized, with some reversing, and are unrelated to Credit Suisse's problems, according to an anonymous US official. US banks have limited exposure to Credit Suisse, and regulators are in touch with Swiss counterparts on the situation. The stabilization is attributed to systemic protection guarantees and new Fed facilities that allow banks to access liquidity to cover outflows.
Topics:businessfinance#credit-suisse#deposit-outflows#finance#regulatory-measures#stabilization#us-banks
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