Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say


Important Factors
  • The surge of deposits moving from lesser banks to significant establishments like JPMorgan Chase and Wells Fargo has slowed to a trickle in modern days, CNBC has figured out.
  • The deposit drain, which roiled markets globally and compelled regulators to intervene to defend lender customers, started improving upon close to March 16, reported men and women with information of inflows at leading financial institutions.
  • The situation is fluid and could improve if fears about other banks come up, mentioned a person man or woman, who declined to be determined speaking in advance of the release of economic figures up coming month.
  • The earlier couple months have uncovered a evident weak spot in how some banks have managed their stability sheets, which could guide to a lot more turbulence, mentioned Citigroup CEO Jane Fraser.



Resource

Stocks making the biggest moves after hours: Visa, Seagate, Caesars Entertainment, Mondelez and more
Finance

Stocks making the biggest moves after hours: Visa, Seagate, Caesars Entertainment, Mondelez and more

Check out the companies making headlines after hours. Visa — Shares rose 1% after the payments company reported fourth-quarter results that exceeded expectations on the top and bottom lines. Visa posted adjusted quarterly earnings of $2.98 per share on revenue of $10.72 billion. Analysts polled by LSEG had expected per-share earnings of $2.97 on revenue […]

Read More
The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect
Finance

The Fed has a rate cut plus a bunch of other things on its plate this week. Here’s what to expect

Key Points Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point at its meeting this week. Beyond that, policymakers are likely to debate the future path of reductions, the challenges posed by a lack of economic data and the timetable for ending the […]

Read More
Stocks making the biggest moves midday: PayPal, Nokia, VF Corp., UPS, Wayfair & more
Finance

Stocks making the biggest moves midday: PayPal, Nokia, VF Corp., UPS, Wayfair & more

Check out the companies making the biggest moves midday: Agilysys — The hospitality software maker jumped 20% after the company posted fiscal second-quarter results above expectations. The company earned 40 cents per share, excluding certain items. Analysts polled by LSEG expected a profit of 34 cents per share. Agilysys also raised its fiscal 2026 revenue […]

Read More