{"id":74573,"date":"2020-06-21T01:25:43","date_gmt":"2020-06-21T05:25:43","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=74573"},"modified":"2020-06-23T01:31:24","modified_gmt":"2020-06-23T05:31:24","slug":"u-s-banks-are-swimming-in-money-as-deposits-increase-by-2-trillion-amid-the-coronavirus","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2020\/u-s-banks-are-swimming-in-money-as-deposits-increase-by-2-trillion-amid-the-coronavirus.html","title":{"rendered":"U.S. banks are \u2018swimming in money\u2019 as deposits increase by $2 trillion amid the coronavirus"},"content":{"rendered":"<p>(CNBC) It\u2019s the banking world\u2019s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data. The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2020\/06\/21\/banks-have-grown-by-2-trillion-in-deposits-since-coronavirus-first-hit.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) It\u2019s the banking world\u2019s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data. The wall [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74573","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=74573"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74573\/revisions"}],"predecessor-version":[{"id":74574,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/74573\/revisions\/74574"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=74573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=74573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=74573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}