Surge in Money Market Funds as Wells Fargo Leads US Banks in Net Interest Income Decline

The U.S. financial landscape is undergoing a significant shift as Americans increasingly turn to higher-yield financial products. Traditional low-interest bank deposits are losing favor, fueling a massive influx of capital into money market funds. “Money market funds have amassed a record $6.15 trillion as investors chase higher returns,” reports the Financial Times, citing Investment Company

Source: CoinOtag