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Bank of America gets $15B in new deposits after SVB collapse

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lookingforatenbagger
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OPKO Investment: Long
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Bank of America gets $15B in new deposits after SVB collapse Mar 16, 2023 21:55:01 GMT investobefree22 likes this

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Post by lookingforatenbagger on Mar 16, 2023 21:55:01 GMT

NY Post, March 15, 2023: "Americans have frantically moved their cash toward “too big to fail” lenders like Bank of America, which has seen an inflow of more than $15 billion worth of deposits amid fears of a meltdown in the US banking sector."

nypost.com/2023/03/15/bank-of-america-gets-15b-in-new-deposits-after-svb-collapse/

BAC is up 3% off its low, but still down ~20% on the month. What are they going to do with all that cash?

Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

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Bank of America gets $15B in new deposits after SVB collapse

Post by lookingforatenbagger on Mar 16, 2023 21:55:01 GMT

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