U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion amid the coronavirus
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020.
Jeenah Moon | Bloomberg | Getty Images
It’s the banking world’s version of the rich getting richer.
A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data.
The wall of money…
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