US Banks report largest capital outflow in 40 years. NYC’s Banking Commission frozen deposits at Capitol One Bank due to insolvency fears.

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Us Banks Report Biggest Capital Outflow in 40 Years

According to the report, US banks lost $472 billion in deposits during the January-March period, marking the fourth consecutive quarter of industry outflows. The decline was primarily from uninsured funds, the FDIC said, noting that insured deposits actually increased by $255.1 billion, or 2.5%, amid the failures of several regional banks.

Deposits at Capitol One Bank Frozen by NYC’s Banking Commission Amid Insolvency Fears

On Thursday, for instance, New York City’s Banking Commission took action against Capital One and KeyBank, major banking institutions, for failing to submit anti-discrimination plans to the city. New York City Comptroller Brad Lander announced in a press release that the commission voted to “freeze NYC’s deposits” at both banks. “The headline is a wobbly one, given the recent banking system chaos. But, the detail is oh-so NY,” Eamonn Sheridan commented on Forexlive.

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Credit Suisse Bankers Leaving by the Hundreds Every Week

Hundreds of Credit Suisse ‘s employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS , two people familiar with the matter said on Wednesday.

Banks’ Unrealized Losses on Securities Drop for Second Quarter in a Row, -25% from Peak

From huge to somewhat less huge? Because they’re still six times the magnitude of the prior worst-record in 2018…

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Apple Customers Say It’s Hard to Get Money Out of Goldman Sachs Savings Accounts: WSJ

Some say it has taken weeks to withdraw their money and that the bank’s instructions have differed.

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