Liquidity is flowing out of banks paying piddly .15% interest on accounts, as yield seekers flock into money markets & other higher-yielding financial instruments. Cue worsening liquidity crisis at local and regional banks in 3-2-1…

Assets in money market funds have hit a record $5.5 trillion. With yields above 5%, this trend should continue. pic.twitter.com/gpRrtgBjoL

— Charlie Bilello (@charliebilello) August 3, 2023

Bear Stearns Collapse March 16, 2008
Lehman Brothers Collapse September 15, 2008

Silicon Valley Bank Collapse March 10, 2023
******************* Collapse September 15, 2023 🤫pic.twitter.com/kfdPWKxt1d
https://t.co/qBMYgTkITR https://t.co/VqtC8XyGSu

— Financelot (@FinanceLancelot) August 4, 2023

h/t Simian_Stacker