Home BofA receives over $15 billion in deposits after Silicon Valley Bank collapse

BofA receives over $15 billion in deposits after Silicon Valley Bank collapse

Bank of America (BofA) receives more than $15 billion in deposits after Silicon Valley Bank collapse.
Inflows offer an initial look into the surge of deposits that have gone to the largest banks in the country.
Customers are seeking safety in firms that are perceived as “too big to fail” due to fear of a spreading crisis.