US banks move to reduce deposits, the Spac bubble deflates
FT News Briefing

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US banks move to reduce deposits, the Spac bubble deflates

A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn. Plus, the FT’s mergers & acquisitions reporter, Ortenca Aliaj, explains why the Spac boom has deflated.  Apollo buys Verizon media assets including Yahoo for $5bn https://www.ft.com/content/ef0992ec-1d4f-4030-95a9-d950e47338e1 Cash-rich US banks move to reduce corporate deposits https://www.ft.com/content/a5e165f7-a524-4b5b-9939-de689b6a1687 A reckoning for Spacs: will regulators deflate the boom? https://www.ft.com/content/99de2333-e53a-4084-8780-2ba9766c70b7?  


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