US banks are 'swimming in money' as deposits increase by $2 trillion amid the coronavirus

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It's the banking world's version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data. The wall of money flowing into banks has no ...

from Google Alert - Business https://ift.tt/318CMPs
It's the banking world's version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data. The wall of money flowing into banks has no ... https://ift.tt/eA8V8J

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