$4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse

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$4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse

15/03/2024 10:04pm

The Daily Hodl

A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed Chair Jerome Powell. New York Community Bank’s (NYCB) new earnings report shows total deposits fell from $81.365 billion at the end of start of the year to $77.2 billion on March 6th – a drop […]

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