U.S.: 10 Biggest Banks Could Lose $185 Billion in Deposits in the Next Year Due to Customer Defections
November 21st, 2011Via: CNN:
Out of all the big banks, Bank of America is the most vulnerable and could lose up to 10% of its customers and $42 billion in consumer deposits in the next year, the survey found. The bank’s total retail deposits stand at $407 billion (while total deposits, including corporate deposits and deposits from other financial institutions, amount to nearly $1 trillion, according to FDIC data).
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