FOXNEWS The Faulkner Focus June 4, 2024 15:12:00
Federal reserve data shows 177 billion flowed out of smaller banks from february to march while all banks in the nation saw deposits fall about 22%. we see money leave banks before big events like the bank failure. this is a huge drop and concerning experts. higher interest rates, government spending as well as inflation stressed the poorly-run banks. fdic in a couple of hours will release options they have now to reform or change the deposit insurance to add more confidence in the system. there is a lot of concern in the government about this. >> harris: when you say 21.8% a drop in deposits,...