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.

[Via]