Since the Fed started raising rates, a record $870 billion of deposits have left US banks.
— The Kobeissi Letter (@KobeissiLetter) October 1, 2023
This is by far the biggest deposit flight in US history and it’s not even close.
That’s nearly $73 billion PER MONTH or $2.5 billion PER DAY.
Needless to say, why keep your money in a… pic.twitter.com/dkuXQHqKrb
Insightful stablecoin guidance going forward from Cornerstone
https://www.crnrstone.com/gonzobanker/stablecoins-what-community-banks-need-to-know-and-do-now?utm_campaign=40539196-Gon...