America’s 25 biggest banks saw a huge $90 billion outflow of deposits last week, a sharp reversal from the prior week where larger financial institutions absorbed some of the deposits being withdrawn at a record pace from smaller banks in the wake of the Silicon Valley Bank (SVB) collapse.
Between the collapse of SVB over March 10 weekend and March 22, domestically chartered  banks in the United States lost a total of roughly $213 billion in deposits as skittish savers rushed to withdraw their money, according to the latest seasonally adjusted Federal Reserve figures on deposit outflows.
But while the first week following the failure of SVB saw a record drop of $196.4 billion in deposits in smaller banks—defined as ones smaller than the top 25 in terms of assets—the latest week saw a reversal….