ladyman
2023-06-19

$Bank of America(BAC)$ They took their money out of accounts that were well above the FDIC limits and moved it to big banks and some super-regionals. Not a lot of information on credit unions at the moment, but it's assumed they're less impacted since most of their accounts will be under the $250k FDIC limit. It really was a flight of capital from wealthy clients to wherever they felt safer.

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