Americans are increasingly moving their hard-earned cash into higher-yielding financial products as US banks battle to stop deposit flight. People have increasingly grown weary of the low interest on deposits offered by banks and have now poured a record $6.15 trillion into money market funds, reports the Financial Times, citing data from the Investment Company […]
source: https://dailyhodl.com/2024/07/20/investors-move-2450000000000-in-push-for-easy-money-as-wells-fargo-bank-of-america-and-citi-fight-to-defend-their-deposit-base-report/