US banks hoard $3.3 trillion in cash amid fears of an economic slump

SVB Financial's share price collapse is weighing on top bank stocks including JPMorgan and Bank of America. Dado Ruvic/Reuters Since the collapse of SVB and Signature Bank in March, US banks have become cautious on lending. They're holding a cash pile of $3.3 trillion amid fears of an economic…#svbfinancial #jpmorgan #bankofamerica #dadoruvicreuters #svb #signaturebank #moody #siliconvalleybank #davidfanger #bnymellon
Source: Reuters: Health - Category: Consumer Health News Source Type: news