MRB on Bloomberg – May 5, 2023
“The wild card or caveat is always that banking systems are built or based on the trust of depositors. If that trust or confidence is questioned (potentially due to negative news headlines or sharp declines in share prices), a panic or frenzy can unfold where people start pulling their deposits at otherwise solid banks.”
After a volatile week for bank stocks, MRB Partners’ global strategist Phillip Colmar discussed several factors that impact deposits in reporter Emily Graffeo’s Bloomberg article.