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'Most vulnerable' U.S. banks lost $1 trillion in deposits in a year -JPMorgan

Summary by Ground News
JPMorgan Chase & Co analysts estimate the "most vulnerable" US banks are likely to have lost a total of about $1 trillion in deposits since last year. Half of the outflows occurred in March following the collapse of Silicon Valley Bank. Of the $17 trillion of total US bank deposits, nearly $7 trillion are not insured by the Federal Deposit Insurance Corp.

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La Jornada broke the news in Mexico on Thursday, March 23, 2023.
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