It’s raining money at Bank of America. Reportedly saw inflows of over $15 billion amid SVB decline

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The closure of three US banks within a week has brought an influx of fresh cash to Street’s biggest institutions, with Bank of America recently adding more than $15 billion in customer deposits.

The collapses of Silicon Valley bank SIVB, Signature Bank and -friendly lender Silvergate Bank have apparently unsettled customers of many regional and smaller banks, causing them to seek perceived safety in larger banks.


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