![The first wave of deposit outflows is nearly over. A second wave has already started, this strategist says](https://cdn.newsserve.net/ONPglobe256.png)
The first wave of deposit outflows is nearly over. A second wave has already started, this strategist says
The federal government’s efforts to backstop the banking system, and deals found to put SVB Financial and Signature Bank in new ownership, seems to have stabilized the financial sector, and calmed markets. Joseph Abate, an interest-rate strategist at Barclays, says the Federal Reserve’s…
#josephabate #barclays #federalreserves #federalhomeloanbanks #abate #treasury #lagfederalreserve #bankofamerica