Goldman Sachs Discovers Diminished Public Concern Over Bank Crisis

Goldman Sachs said in a new research note that public concern about turmoil in the banking system has “faded” in the weeks since the fall of Silicon Valley Bank and Signature Bank, reducing the risk of further deposit outflows.

It cites slowing online Google searches since mid March for regional banks perceived to be under stress, as well as the subjects of bank withdrawals and safety of deposits. Such searches have fallen back to “roughly normal levels,” according to Goldman’s April 7 note.

Source : Goldman Sachs Discovers Diminished Public Concern Over Bank Crisis