US Banking Crisis Triggers $756,000,000,000 Flood of Capital Into Cash Funds: Report

Financial titan Bank of America (BofA) says money market funds just witnessed a deluge of more than half a trillion dollars worth of capital. According to a recent BofA investor note, money market funds have attracted $756 billion in investments this year amid the lingering banking crisis and the Federal Reserve’s aggressive rate hikes, per The post US Banking Crisis Triggers $756,000,000,000 Flood of Capital Into Cash Funds: Report appeared first on The Daily Hodl .