Following the mass withdrawals from small banks in the spring of 2023, the future of smaller financial institutions was unclear. To help you understand what is going on in the sector and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Deposit outflows from small and midsize banks have stabilized. Depositors seem less concerned with losing uninsured money now that the FDIC (Federal Deposit Insurance Corp) has stepped in to insure all deposits at two banks: Silicon Valley Bank and First Republic Bank. Instead, depositors want higher returns.
