News Topic: Deposits

Deposit Solutions says lenders can use its platform to acquire customers at little expense. ... Read full article

The proposal comes after years of criticism that the current policy stifles innovation and hamstrings banks' ability to raise funds. ... Read full article

Chairman Jelena McWilliams previewed a proposal to update the agency’s definition of brokered funds, but also suggested steps lawmakers could take to improve the rule’s underlying statute. ... Read full article

Citizens Bank's Bruce Van Saun is our Banker of the Year; shake-up continues at Wells Fargo with poaching of Santander's CEO; the Navy commander behind the credit union banks love to hate; and more from this week's most-read stories. ... Read full article

In search of new sources of revenue now that it has slashed fees on stock trades, the brokerage giant could use the influx of deposits it will get from acquiring its rival to grow its loan portfolio and add new banking services. ... Read full article

Banks need to more actively manage margins — including the use of new modeling technology — in the current low-interest-rate environment. ... Read full article

Toronto-Dominion Bank would end up with a smaller stake in a larger brokerage if Schwab and TD Ameritrade combined. But it could parlay that stake into funds for a U.S. bank acquisition. ... Read full article

The remote deposit capture tech at the center of the dispute is used by 6,500 institutions. That may mean other institutions will have to pay licensing fees to USAA. ... Read full article

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

The company says it's responding to the feedback of consumers who want online options beyond savings products. ... Read full article

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients. ... Read full article

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018. ... Read full article

The Boston bank’s online money market account won’t start until later next year, and many rivals have already beaten it to the punch. But the window for new entrants is still open provided they do certain things right, experts say. ... Read full article

Panelists at the ABA's annual conference said that reviewing and updating procedures and marketing tactics can help bring in more accounts. ... Read full article

The San Antonio company said it withstood rate pressures because it has been ahead of the game in deposit pricing over the last two years. ... Read full article

Readers react to Regions Financial's plan to replace it core deposit system, a House bill meant to curb jobs moved overseas, a resurgence of consumer complaints against the credit bureaus and more. ... Read full article

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas. ... Read full article

The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans. ... Read full article