Emily
Editor, Senior Moderator
https://www.reuters.com/business/fi...gs-europeans-drain-billions-banks-2023-05-04/
May 4, 202310:43 AM UTC
Europeans drain billions from banks, fed up with shrinking savings
By Sinead Cruise, John O'Donnell and Tom Sims
LONDON/DUBLIN, May 4 (Reuters) - European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently live without.
The trend emerged as some of the region's biggest lenders outlined a profitable start to the year in results that also offered a glimpse of a phenomenon dubbed a "bank walk" - a slow but notable outflow of customer cash...
May 4, 202310:43 AM UTC
Europeans drain billions from banks, fed up with shrinking savings
By Sinead Cruise, John O'Donnell and Tom Sims
LONDON/DUBLIN, May 4 (Reuters) - European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently live without.
The trend emerged as some of the region's biggest lenders outlined a profitable start to the year in results that also offered a glimpse of a phenomenon dubbed a "bank walk" - a slow but notable outflow of customer cash...