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US Big Banks Suffer Biggest Deposit Outflow Since April… Until The Fed ‘Adjusted’ Them
from ZeroHedge: Money market funds saw yet another week of inflows (+$40BN), taking the total AUM to a new record high of $6.508 TN… The inflow into MM comes as bank deposits (on a seasonally adjusted basis) dropped a modest $13BN to the week-ending 10/23… But, on a non-seasonally-adjusted basis, total deposits plunged $133BN (the […]