European banks losing customer deposits – S&P ...News

Savers are hunting for greater returns amid rising benchmark interest rates across the continent A vast majority of European banking giants reported a drop in deposits in the past 12 months as customers began searching for better savings deals, according to analysis released by S&P Global on Tuesday.  The agency’s analysts say the fall reflects depositor efforts to find higher-yielding products to pay down increasingly expensive debt.  According to the report, total deposits at European financial institutions in France, Germany, Spain, Italy, and the Benelux and Nordic regions saw a year-over-year decline of 3.9%

Read More Details
Finally We wish PressBee provided you with enough information of ( European banks losing customer deposits – S&P )

Also on site :

• XRP, ETH, SOL, and HYPE are in focus as Bitcoin dips below $100K
• One in seven people ‘have lost money to fraud in past year’
• Risen Energy Highlights Advancements in Green Manufacturing, Sustainable Development and Corporate Responsibility in 2024 ESG Report