Deposits

Depositors put ‘digital capability’ on par with yields: Inside JPM's 3Q

10/12/17

Consumers are looking for high-tech services, not just higher deposit rates, in deciding where to park their cash, a top JPMorgan executive said in discussing the company's explosive deposit growth in the third quarter — and whether it will continue.

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Lifetime achievement: Huntington's Mary Navarro

10/05/17

The financial crisis gave Mary Navarro an unprecedented opportunity to change banking for the better — and she delivered.

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Democrats push CFPB's Cordray to move on overdraft rules

09/28/17

House Democrats are lobbying for a bill to reform the way banks charge overdraft fees, but recognizing that Republicans are unlikely to take up the legislation, they are hoping the CFPB can act on its own.

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Washington Trust's next CEO looks to double down in R.I.

09/28/17

Ned Handy, who will take the helm in March, wants to be more aggressive luring deposits in the company's home state. That should reduce the company's reliance on other funding sources to support loan growth.

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Brokered deposits are not the horror portrayed by regulators

09/27/17

How most banks obtain deposits has changed radically over the past 30 years, thanks in part to innovation. It is time for regulators to rethink their notion of what constitutes a quality deposit portfolio.

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How Ellen Alemany is reinventing CIT

09/26/17

American Banker's No. 3 Most Powerful Woman in Banking is embracing a major challenge in molding a commercial finance company with a spotty history into a profitable, middle-market bank.

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Bankers on high alert for liquidity risk as 3Q draws to close

09/22/17

A slight decline in core deposits in the second quarter stoked worries that tighter liquidity is around the corner. Bankers are exploring responses beyond the typical CD rate special if third-quarter results show the trend is continuing.

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Chicago deposits millions into city's last black-owned bank

09/18/17

The third-largest U.S. metropolis is entrusting $20 million to Illinois Service Federal Savings & Loan Association, the city’s treasurer, Kurt Summers, announced Monday.

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Goldman Sachs is waiting by the phone for your call

09/06/17

The Wall Street giant on Wednesday played up its customer service skills, saying that representatives of its Marcus personal-loan unit answer calls within 10 seconds.

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Debit cards, a trillion in debt, and millennials: What could go wrong?

09/04/17

It sounds like a crazy mix, but Fifth Third says its new app would help young consumers round up debit card purchases and apply the money to their burdensome student debts. The motivation to attract millennials is clear, but will it work?

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