02
Apr
Bank customers shifted their deposits to large firms from smaller ones amid a banking crisis that led regulators to seize two regional lenders in quick succession. Weekly data collected by the Federal Reserve showed that large banks gained $120 billion in deposits while their smaller counterparts lost $109 billion, Moody’s Corp. said in a research report, citing figures released Friday. Small banks’ total deposits fell 1.5% in the week through March 15 from a year earlier, the first annual decline since 1986. The latest figures “are of particular interest as they include developments in the balance sheet of the U.S.…