News Topic: Deposits

BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories. ... Read full article

They’ve long used their marketing muscle to wrest deposit share from smaller competitors. Now, amid growing concerns that the economy is weakening, they could be benefiting from consumers’ flight to safety. ... Read full article

The Dallas company also warned of a decline in net interest income this quarter due to the anticipated impact of Federal Reserve interest rate cuts on loan yields. ... Read full article

CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going. ... Read full article

BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories. ... Read full article

A strong economy, low-cost deposits and disruption from M&A are presenting opportunities. ... Read full article

Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls. ... Read full article

Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile. ... Read full article

More community bankers now say that cost of funds, not regulatory expense, poses the biggest threat to profits, according to a new survey. ... Read full article

On Jun. 30, 2019. Dollars in thousands. ... Read full article

CEOs have been telling investors that if the Fed continues to cut interest rates, they will lower rates they are paying on deposits to minimize the hit to net interest margins. The danger is that if they lower rates too quickly or by too much, big ... Read full article

Geographic scale and low-cost funding are the foundation of a good deal, seasoned bank acquirers said in a panel discussion. ... Read full article

For the third time in five months, the San Francisco bank made a downward revision Monday to its guidance on net interest income. An executive cited the impact of lower interest rates. ... Read full article

M&T has skillfully used hedges, maintained an appropriate loan mix and resisted offering market-leading deposit rates, its chief financial officer said at a financial services conference. ... Read full article

Intense competition for deposits and a growing need for scale are spurring more New Jersey banks to seek out buyers. ... Read full article

The Fed's development of a real-time payments systems has sparked a pointless debate about paper checks. ... Read full article

The Plano bank, which is being sold to Prosperity Bancshares in one of the industry's biggest M&A deals this year, was also worried about credit quality, a regulatory filing shows. ... Read full article

The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns. ... Read full article