Bank Deposits Update

Latest data shows no deposit flight yet in February 2013. Greece did decline together with Portugal, Ireland and Cyprus. But Italy and Spain had deposit increases.




We'll see what happens in March 2013...





Chart 1: Deposits Eurozone




Comments

  1. weebleMarch 31, 2013 at 8:54 PM

    Thanks Albert. There are reports of money fleeing Italian banks. I think for a bank CEO to admit this must be significant since the system is based on confidence.

    http://www.zerohedge.com/news/2013-03-30/whos-next-italys-monte-paschi-admits-billions-deposit-outflows

    ReplyDelete
    Replies
    1. katchumMarch 31, 2013 at 11:45 PM

      I thought about it, but we're only talking about a few billion. If it were several tens of billion I would start worrying.

      Delete

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