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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
Big banks will have weathered recent turmoil – but that's not necessarily good news for Americans, according to ex-Barclays boss Bob Diamond.

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  • Balance sheets at big banks will swell this earnings season, ex-Barclays CEO Bob Diamond has said.
  • The expects Americans to have pulled their funds from regional banks after recent turmoil.
  • But those outflows could push up banking costs overall, he told Bloomberg TV.

Wall Street banks could be about to give their shareholders a pleasant surprise – but the likely growth in their balance sheets is bad news for ordinary Americans, according to Bob Diamond.

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Big banks' balance sheets will swell after the recent turmoil – and that could …