bank deposit outflows

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Behind deposit outflows in Spain: don’t believe the hype about distrust

By Carlos Díaz Guell, in Madrid | The volume of deposits of households and non-financial corporations suffered outflows of €120 billion in 2011 in Spain and Italy, adding even more pressure on both countries’ banks. The data come from the last quarterly report of the Bank for International Settlements (BIS), which analyses European banks’ response to higher capital requirements that the European Banking Authority (EBA) set in October last year…