since last year. Half of the outflows occurred in March after SVB’s collapse, they said.
“The strong actions we have taken ensure that Americans’ deposits are safe. Certainly, we would be prepared to take additional actions if warranted.”In Europe, the Bank of England became the latest central bank to hike rates this week., the BoE said it had noted the “large and volatile moves” in financial markets, but that Britain’s banking system remained resilient.
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