Bank Deposits Could Drop For First Time Since World War Ii

Over the past two months, banking analysts have lowered their expectations for deposit levels at major banks. The 24 institutions that make up the KBW Nasdaq Bank Index are now expected to see a 6% drop in deposits this year. These 24 banks accounted for nearly 60 percent of the $ 19 trillion in deposits in December, according to the Federal Deposit Insurance Corp.