BofA Gets More Than $15 Billion in Deposits After SVB Fails

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BofA Gets More Than $15 Billion in Deposits After SVB Fails

Bloomberg2023-03-15

Customers seek safety in biggest banks seen as too big to failUS government unleashed measures to restore faith in banksBank of America Corp. mopped up more than $15 billion in new deposits in a ...

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AcidIce
·2023-03-15
More deposits doesn't automatically mean safer or more profits but rather the given is that BOA needs to pay out more for interests unless they invest or profit from the additional funds.
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