Small US Banks Lose $109 Billion In Deposits In A Single Week

Small banks’ total deposits fell 1.5% in the week through March 15 from a year earlier, the first annual decline since 1986.

Daniel Taub

27 Mar 2023, 10:07 PM IST

An employee uses a machine to count U.S. one-hundred dollar banknotes at the Hang Seng Bank Ltd. headquarters in Hong Kong, China, on Tuesday, April 16, 2019. China’s holdings of Treasury securities rose for a third month as the Asian nation took on more U.S. government debt amid the trade war between the world’s two biggest economies. Photographer: Paul Yeung/Bloomberg

(Bloomberg) -- Bank customers shifted their deposits to large US firms from smaller ones amid a banking crisis that led regulators to seize two regional lenders in quick succession.

Small US Banks Lose $109 Billion In Deposits In A Single Week

Small banks’ total deposits fell 1.5% in the week through March 15 from a year earlier, the first annual decline since 1986.

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