‘Most Vulnerable’ US Banks Lost $1 Trillion in Deposits in a Year: JPMorgan

‘Most Vulnerable’ US Banks Lost $1 Trillion in Deposits in a Year: JPMorgan
SVB (Silicon Valley Bank) logo and decreasing stock graph are seen in this illustration taken on March 19, 2023. Dado Ruvic/Reuters
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New YORK—JPMorgan Chase & Co. analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits since last year, with half of the outflows occurring in March following the collapse of Silicon Valley Bank.

The team of JPMorgan analysts led by Nikolaos Panigirtzoglou did not name any of the banks they categorized as “most vulnerable” or say how many they included in this group.