Reports from FDCI Say that US Depositors Withdraw Record $472 Billion
According to the FDIC or “Federal Deposit Insurance Corporation”, depositors in the United States pulled out a record-breaking $472 billion during the first quarter of 2023. This marks the highest amount of outflows ever recorded by the agency. The decrease in deposits can be attributed primarily to uninsured funds, while insured deposits actually rose by 2.5%, reaching a total of …
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