"The three-year cumulative average growth rate (CAGR) of deposits at U.S. banks of all sizes is off the charts, according to data from SNL Financial. As of late October, the CAGR at BNY Mellon was 45%; at Wells Fargo, 40%; and at Fifth Third Bancorp, 33%. At many smaller banks and thrifts, the CAGR is easily in excess of 100%."
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business deposits flood U.S. banks
When this switch flips, it will be a doozy.
