zondag 31 maart 2013

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

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2 opmerkingen:

  1. weeble1 april 2013 om 05:54

    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

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    1. katchum1 april 2013 om 08:45

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

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