News Topic: Deposits

The embattled company said Thursday that the asset cap imposed by the Federal Reserve will likely remain in place through “the first part of 2019.” Is this a sign of further delays to come? ... Read full article

Though the prospects for these small banks look good in 2018, they also face serious challenges, particularly in the competition for low-cost deposits against the more digitally savvy megabanks. ... Read full article

Investments in analytics and a focus on courting midsize businesses have helped regional banks add non-interest-bearing deposits even as they struggle for other types of deposits. Can they keep it up as rates rise? ... Read full article

On Dec. 31, 2017. Dollars in thousands. ... Read full article

Record originations on "better-yielding" used-car loans helped drive a 14% increase in its first-quarter profit. But Ally's shares were down Thursday on concerns of rising deposit costs. ... Read full article

The Ohio bank's total deposits grew, unlike at some other regionals, and CEO Stephen Steinour said its 28-basis-point increase in overall funding costs will pay off. ... Read full article

AssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients. ... Read full article

The issues at Wells Fargo extend beyond the fines; Ally Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories. ... Read full article

Spread income offset higher expenses during the first quarter at the Maryland bank. ... Read full article

The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up. ... Read full article

Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year. ... Read full article

The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments. ... Read full article

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit. ... Read full article

If banks with high loan-to-deposit ratios overpay for brokered and promotion-driven deposits to fuel loan growth, they run the eventual risk of a liquidity crunch in an era when deposits — and the economy itself — are expected to be more volatile. ... Read full article

The San Diego company said the deal will bring in low-cost deposits and create a new source of fee income. ... Read full article

A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more. ... Read full article

The field is crowded, but that’s not stopping well-established banks from trying to reach new markets by creating separately branded digital units. ... Read full article

On Dec. 31, 2017. Dollars in thousands. ... Read full article