America’s 25 biggest banks saw a huge $90 billion outflow of deposits last week, a sharp reversal from the prior week where larger financial institutions absorbed some of the deposits being withdrawn at a record pace from smaller banks in the wake of the Silicon Valley Bank (SVB) collapse.
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>America’s 25 biggest banks saw a huge **$90 billion outflow of deposits last week**, a sharp reversal from the prior week where larger financial institutions absorbed some of the deposits being withdrawn at a record pace from smaller banks in the wake of the Silicon Valley Bank (SVB) collapse.
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[Source Article](https://www.theepochtimes.com/americas-biggest-banks-experience-massive-withdrawals_5167584.html)
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