US banks should disclose significant deposit losses - Bloomberg

Earnings reports likely showing over $500 billion in outflow from major lenders raise new questions about the health of the sector. Banking analysts estimate that JPMorgan, Wells Fargo, and Bank of America have lost $521 billion in deposits over the past year in the sharpest slump in a decade. In the first quarter alone, the drop reached $61 billion as a late influx of cash following a crisis at three US lenders failed to offset the outflow of funds to products offering higher interest rates. In early March, massive deposit runs caused two lenders, Silicon Valley Bank and Signature Bank, to fail within days. A third lender, First Republic, ended up being the recipient of a $30-billion rescue from top Wall Street banks in the form of deposits.