Despite potentially higher interest rates, Germans are placing fewer deposits abroad, due to fears of a financial crisis after the collapse of Silicon Valley Bank
German savers are getting cold feet about deposits held abroad despite juicier interest rates for fear of getting embroiled in a crisis like the one that hit Silicon Valley Bank, data compiled for Reuters shows.
FRANKFURT (Reuters) - German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting embroiled in a crisis like the one that hit Silicon Valley Bank, data compiled for Reuters shows. | 09:50am
German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting embroiled in a crisis like the one that hit Silicon Valley Bank, data compiled for Reuters