Coronavirus deposit bonanza can spell trouble for banks
Published on June 5, 2020
Coronavirus deposit bonanza can spell trouble for banks
Bea Doblas
Fri, 06/05/2020 - 06:16pm
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At the largest U.S. banks, deposits grew at historically unprecedented rates in the first quarter of 2020. JPMorgan Chase and Citigroup each saw increases exceeding 20 percent, while at Bank of America, the deposit growth topped 15 percent.