This post was originally published on this site
One of Wall Street’s most prominent names weighed in on Wednesday with its latest take on the aftermath of March’s turmoil in the banking system, saying it expects to see ongoing deposit losses.The pace of losses should slow significantly from what was seen over the past month, however, and the continuing erosion in deposits can be alleviated via “market mechanisms,” according to strategists Praveen Korapaty and Vickie Chang at Goldman Sachs. Data released by the Federal Reserve offers a partial picture of the outflows that occurred from March 8 to March 15 — small banks lost $184 billion and foreign bank offices lost…