Barclays US Consumer Bank has launched a savings product that provides higher rates on higher balances. The new Barclays Tiered Savings product aims to offer customers additional value and bolster the bank’s deposits portfolio, the company said in a Tuesday (July 16) press release. “Our...
It’s the middle of July, almost. And thus: Earnings season begins in earnest. As usual, a slew of big banks will kick things off, beginning Friday (July 14 ), giving insight into the state of the consumer — at least a bit, with some granular...
It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than they lost so far this year while regional lenders like Truist, Citizens Financial and PacWest saw their deposit numbers fall....
For banks — and specifically for their consumers: No deposit, no return? The bedrocks of finance — the commercial banks — are seeing at least some turbulence as customers draw down on deposits. And to keep customers in place, and the funds in place, there...
April 19, 2023
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend, digital and omnichannel efforts continue to make headway. The deposit volatility that might have been expected in the wake of the Silicon Valley Bank (SVB) […]
March 14, 2023
A lot of money is moving this week, but not in a good way. In the five days since last Wednesday (March 8), three US banks have failed partly because...
January 21, 2020
Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. As stated in a report to...
September 17, 2024
The Federal Deposit Insurance Corp. (FDIC) has proposed a rule that would strengthen recordkeeping for bank deposits received from third party, non-bank companies that accept those deposits on behalf of consumers and businesses. The FDIC board of directors approved a notice of proposed rulemaking Tuesday (Sept. 17) and invited public comments on the proposal within 60 days […]
July 17, 2024
Barclays US Consumer Bank has launched a savings product that provides higher rates on higher balances. The new Barclays Tiered Savings product aims to offer customers additional value and bolster...
June 04, 2023
It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than they lost so far this...
April 20, 2023
Several regional banks ended the first quarter with stable deposits. Their reports of flat deposits came after a quarter in which the collapses of three banks led investors to closely...
