Thorsten Polleit
Small banks suffer, big banks get even bigger. The gov't speeds up concentration in banking.
https://www.bloomberg.com/news/articles/2023-03-15/bofa-gets-more-than-15-billion-in-deposits-after-svb-failure?utm_content=markets&cmpid%3D=socialflow-twitter-markets&utm_medium=social&utm_source=twitter&utm_campaign=socialflow-organic
Bloomberg.com
BofA Gets More Than $15 Billion in Deposits After SVB Fails
Bank of America Corp. mopped up more than $15 billion in new deposits in a matter of days, emerging as one of the big winners after the collapse of three smaller banks dented confidence in the safety of regional lenders.
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