Ahead Of Stress-Tests, Banks Saw Big (Adjusted) Deposit Inflows, But...
June 28, 2024 at 22:40 PM EDT
Money market funds saw modest inflows last week (up around $5BN) as bank deposits (NSA) saw $25.7BN outflows...However, on a seasonally-adjusted basis, total bank deposits rose by $38BN last week to their highest since SVB's collapse...