Editorial photo #9751808 Crime, Law and Justice
Large US Banks Experience Influx Of New Depositors
People walk to a Chase bank in Midtown on March 15, 2023 in New York City, USA.Small lenders experience tumultuous setbacks as large US banks including Jp Morgan Chase, Bank of America, Wells Fargo and Citigroup see an increase of new accounts as depositors shift their assets in view of the Silicon Valley Bank and Signature Bank collapse. Large financial institutions including money market funds struggle to stay on top of the influx of new applications, sometimes “.”initiating money transfer procedures while the new client is still undergoing compliance checks. Government regulators stepped in assuring SVB investors access to their accounts in an effort to sustain public confidence in the US banking system. (Photo by John Lamparski/NurPhoto)
