Deposits at three United States financial institutions fell in the first quarter as the industry’s biggest crisis in more than 10 years prompted a flight of funds, with customers seeking better returns elsewhere.Deposits at custodian bank State Street Corp and regional bank M&T Bank Corp fell by 3 percent each, while those at Charles Schwab Corp shrank by 11 percent from the prior quarter.State Street’s stock plunged by 11 percent, dragging down its peers Northern Trust Corp and Bank of New York Mellon Corp. Shares of brokerage and financial advisory firm Schwab were up 2.8 percent in afternoon trading and M&T Bank shares were up 7 percent.
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