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US Banking Crisis Spurs $756 Billion Capital Surge Into Cash Funds, Says Bank Of America
Sunday, June 4, 2023 - 11:07am | 361In a note on Friday, the Bank of America Corp (NYSE: BAC) said that money market funds have witnessed a deluge of more than half a trillion dollars’ worth of capital. According to the note, money market funds have attracted $756 billion in investments this year...