"Depositors Have Finally Awoken": The Second Wave Of The Bank Run Has Begun, Barclays Warns

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by Tyler Durden
Friday, Mar 31, 2023 - 09:44 AM

It may seem like an eternity ago, now that we stuff a month's worth of trading and newsflow in a day, but it was exactly one week ago that Bill Ackman - who may or may not be long regional banks and/or commercial real estate - took to Twitter to bash Janet Yellen for restarting the bank run that defined much of the middle of March, when she unexpectedly told Congress that the Treasury was not considering a broad increase in deposit insurance, a line which promptly sent stocks tumbling.

And while it is no secret that Ackman enjoys hyperbole every now and then, he may have been onto something.