Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
"A major driver of depositor flight is people moving money from low-interest savings accounts to high-interest money market (Treasury Bill) accounts.
Barr said SVB waited too long to tackle its issues, and when it did, “ironically, the overdue actions it finally took to strengthen its balance sheet sparked the uninsured depositor run that led to the bank’s failure.”
Source: https://www.insurancejournal.com/news/national/2023/03/28/713994.htm
Bill Ackman, chief executive of the Pershing Square hedge fund, on Twitter that depositor panic was a real risk: “Confidence in a financial institution is built over decades and destroyed in days.
Further adjusting for one large municipal depositor relationship that is discussed in our earnings release, deposit balances were down only 2% from year-end.
In a note sent to customers just days after the failures of Silicon Valley and Signature banks, Zions Bank President and CEO Scott Anderson outlined the customer differences between those banks when compared to the depositor demographic at Zions.
Source: https://www.deseret.com/utah/2023/4/26/23696759/zions-bank-response-moodys-downgrade
Its portfolio crashed further due to a depositor run.
Source: https://www.gopusa.com/the-collapse-of-silicon-valley-bank-portends-real-dangers/
Once depositor confidence is lost, not even the strongest banks can survive.
Source: https://qz.com/the-fastest-bank-run-in-us-history-was-sparked-by-crypt-1850630102
On March 8, 2022, once the extent of depositor panic became public, Silvergate voluntarily closed its doors.
Source: https://qz.com/the-fastest-bank-run-in-us-history-was-sparked-by-crypt-1850630102
The coup de grâce was depositor behavior.
Source: https://www.gopusa.com/the-collapse-of-silicon-valley-bank-portends-real-dangers/
The Federal Deposit Insurance Corp insuresfor up to at least $250,000 per depositor per FDIC-insured bank.
Source: https://business.inquirer.net/395673/buffett-do-not-panic-about-u-s-banks-and-deposits
The Moody's report cited 'the rapid and substantial decline in bank depositor and investor confidence' in recent days, which it said 'highlight risks in US banks' asset-liability management.'