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The Daily Hodl 2023-07-29 20:00:05

JPMorgan Chase Loses $75,000,000,000 in Institutional Deposits As Customers Demand Higher Yields: Report

Billions of dollars in institutional cash is exiting JPMorgan Chase in a search of higher yields, according to a new report. New numbers show the amount of cash deposits at JPMorgan’s corporate and investment bank fell by $75 billion in the second quarter of 2023, reports the Financial Times. That’s a loss of 10% from The post JPMorgan Chase Loses $75,000,000,000 in Institutional Deposits As Customers Demand Higher Yields: Report appeared first on The Daily Hodl .

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