News Topic: Deposits

Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks. ... Read full article

Readers weigh legislative proposals on pot banking, consider JPMorgan's new digital coin, debate the Federal Deposit Insurance Corp.'s brokered deposit rules and more. ... Read full article

The agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking. ... Read full article

Year to date Sep. 30, 2018. Dollars in thousands. ... Read full article

"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives. ... Read full article

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this ... Read full article

Since the collapse of IndyMac in 2008, the agency has frequently helped to shield depositors over the $250,000 insurance limit from losses. But it’s a policy that was never formalized, and it remains to be seen whether the agency’s new head, Jelena ... Read full article

Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates. ... Read full article

Why now? Will it work? How will their rivals respond? The megadeal between the two East Coast regionals offers up plenty of grist for speculation. ... Read full article

Banks spend heavily on marketing to win deposits, push digital; Wells Fargo bends to critics in its latest response to scandals; FDIC review of brokered deposits has big implications for branches; and more from this week's most-read stories. ... Read full article

Banks that gather deposits through branches generally pay lower deposit premiums than those that solicit deposits online. So what happens if long-standing restrictions on brokered deposits are relaxed? ... Read full article

More than half of the new depositors the online bank added in the fourth quarter are millennials. ... Read full article

At banks of all sizes — from the $7.2 billion-asset WSFS Financial to the $373 billion-asset Capital One — marketing budgets ballooned in the fourth quarter. ... Read full article

Woodforest National Bank made so many C&I loans that it cut into capital and required more liquidity. It has shifted gears, selling two business lines as it refocuses on deposit gathering. ... Read full article

Earnings fell well short of analysts' estimates due in part to a 28% increase in interest expenses. ... Read full article

On Sep. 30, 2018. Dollars in thousands. ... Read full article

Chemical is paying roughly $3.6 billion for the $23.5 billion-asset TCF. The combined company will be headquartered in Detroit, Chemical's hometown, and operate under the TCF brand. ... Read full article

Among the things we've learned this earnings season: C&I is back, fee income is flat, and leveraged lending is beginning to "rear its ugly head." ... Read full article