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Although more than two dozen U.S. banks saw their deposits decline by more than 5% in the first quarter, collectively all banks posted a tiny sequential increase despite concerns from investors, according to data released Monday by S&P.
Although the sector has seen four banks fail since early March, publicly traded U.S. banks reported a median sequential increase in deposits of 0.1% in the first quarter, according to S&P.
However,…
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