SVB's collapse sends small-bank customers running for shelter in big Wall Street banks

SVB's collapse sends small-bank customers running for shelter in big Wall Street banks

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JPMorgan REUTERS/Eduardo Munoz Silicon Valley Bank's collapse is Wall Street's gain as customers flee smaller lenders, per the FT. Deposits are pouring into JPMorgan, Citi and Bank of America thanks to fears about smaller banks' stability. "The calls have been coming in today like airplanes…

#jpmorgan #siliconvalleybank #citi #bankofamerica #jpmorganchase #citigroup #svb #signaturebank #fdic #firstrepublic

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