Banks Suffer $1,555,000,000,000 in Deposit Flight in One Year As JPMorgan Chase and Financial Giants Fight for Wealthy Clients: Report

New numbers on the global banking system are shedding light on just how much money depositors have pulled out of their bank accounts in the last year. According to the latest data from the Federal Reserve of St Louis, US banks have faced $605 billion in deposit flight in a year. And total deposits at The post Banks Suffer $1,555,000,000,000 in Deposit Flight in One Year As JPMorgan Chase and Financial Giants Fight for Wealthy Clients: Report appeared first on The Daily Hodl .