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… August 4, 2023 8:26 pm
Apple Card’s Savings account blows past $10 billion in deposits (that likely means $10B in capital flight from banks paying a piddly .15% on checking accounts) August 3, 2023 3:03 pm