WFC - US Banking Titans JPMorgan Chase Wells Fargo And Citigroup Lose $84.5 Billion In Deposits Amid Global Uncertainties | Benzinga
Three of America's banking giants recently experienced a significant reduction in deposits, raising eyebrows in the financial sector.
What Happened: Major financial institutions, namely JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup Inc (NYSE: C), collectively saw an exodus of $84.5 billion in deposits during the third quarter.
Breaking down the numbers, JPMorgan Chase's deposits shrunk by $31 billion, while Wells Fargo's deposits decreased by $7.1 billion. Citigroup ...