Citigroup shows upside down in filings downdraft


If deposits are the fuel that powers banks, then investors may increasingly focus on the price at the pump.

Quarter-over-quarter deposit growth has largely slowed at major banks that have reported second-quarter earnings so far. This contrasts with the start of the pandemic, when deposits surged as the Federal Reserve flooded the market with liquidity and consumers and businesses cut spending and hoarded cash.


Wj

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