Deposit outflows after SVB collapse concentrated among "super-regionals" - NY Fed study

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, May 11 (Reuters) - The shuffling of bank deposits following the collapse of Silicon Valley Bank, which triggered concerns about a broader crisis, was largely confined to "super regional" institutions in the $50 billion to $250 billion range, similar to SVB, New York Fed researchers concluded in a newly released study. Deposits among "community and smaller regional banks... were relatively stable by comparison," the researchers found, with the largest banks receiving inflows as money left the super-regional group. (Reporting by Howard Schneider; Editing by Toby Chopra)

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