Topic
The customer account balances that fund U.S. bank lending, tracked quarterly in FDIC data and central to how community banks are valued and supervised.
Truist CEO Mike Lyons is directing new investment to checking, mobile and treasury management after consumer deposits rose 1.2% in a year. Wholesale clients drove most of the 3.6% rise in total deposits, PYMNTS reported.
Perspective Coverage
3 publishersReality
JPMorgan CFO Jeremy Barnum said customers who give AI agents their banking credentials may be responsible for misuse or unauthorized transactions. He called the deposit threat from agents familiar, in a quarter when net interest income excluding markets reached $24.7 billion.
Perspective Coverage
11 publishersReality
Apollo economist Torsten Slok warns AI agents could sweep cash from 0.1% bank accounts into fintech accounts paying 3.3% to 5%, even causing bank runs. Bank AI veterans call a run a long way off, yet expect agents to make deposit moves faster and more coordinated than banks have seen.
Reality
The FDIC's annual deposit report puts SoFi Bank 47th in the country at $46.8 billion, double its total two years earlier. Chime is holding its own balance sheet under $10 billion to keep uncapped interchange.
Reality
An American Banker column uses FDIC figures on 4.6% deposit growth and 5.1% loan growth since the GENIUS Act to argue that trade groups have the deposit-flight story backwards. The series runs one year.
Reality