Deposits

Credit unions must learn to thrive amid radical uncertainty

11/24/20

Current economic conditions are greatly tied to controlling the spread of the coronavirus. To survive this volatile situation, financial institutions must be resilient.

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'Double-dip recession' could be in the cards: CUNA Mutual

11/20/20

The company's latest report predicted there could be sustained economic pressures well into next year tied to rising coronavirus cases.

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BBVA, CIT sales put midsize banks in M&A spotlight

11/17/20

Technology imperatives, weak loan demand and the need for increased efficiency could put pressure on dozens of regional banks to join forces with rivals.

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FDIC's brokered deposits rule may hurt some middlemen

11/13/20

The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks.

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Prize-linked savings accounts get a boost from flood of new deposits

11/10/20

Many credit unions offer these accounts to help members improve their financial behaviors, but some in the industry are wondering how long the surge could last.

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Promontory Interfinancial rebrands as IntraFi, looks to diversify

10/29/20

The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers.

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Regulators close Florida bank in third failure of 2020

10/16/20

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

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What’s behind the unlikely First Citizens-CIT deal

10/16/20

The family-owned bank from the South and the New York commercial lender each would fill a clear need for the other. First Citizens would gain business lending expertise and an online deposit-gathering platform, and CIT would get the cheap deposits it coveted.

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Biggest U.S. banks keep assets at safest level in 35 years

10/09/20

Cash, Treasurys and other securities effectively guaranteed by the federal government now make up more than 35% of the combined balance sheets of the 25 biggest U.S. banks, according to data compiled by the Fed. That’s the biggest share in records dating to 1985.

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USAA v. PNC, lingering deposit glut, Kraninger's future: Top stories of the week

10/09/20

USAA sues PNC over mobile check deposit technology; flood of liquidity that accompanied the pandemic recession unlikely to subside anytime soon; 'enigmatic' CFPB chief could drop more surprises in a second Trump term; and more from this week's most-read stories.

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