Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Banking

Posted By Uma Rajagopal

Posted on December 6, 2024

Cash draws biggest weekly inflow since March 2023, BofA says

LONDON (Reuters) – Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday.

They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold $0.4 billion of gold, Bank of America said, citing data from EPFR.

Crypto got a $3 billion injection, and clocked its largest four-week inflow ever, at $11 billion.

Buying of U.S. equities continued for the ninth consecutive week, with inflows into small caps specifically ballooning to a record high, the bank said.

(Reporting by Lucy Raitano; Editing by Amanda Cooper)

Recommended for you

  • Optimizing Customer Lifetime Value in Retail Banking Using Statistical Methods

  • Automated Loan Approval in Retail Banking: Leveraging Statistical Models for Creditworthiness Assessment

  • SME Market Segmentation in Banking: Using Cluster Analysis to Tailor Services