Tag: deposit

Capital and Risk, Credit

US regional banks earn more on loans but warn on rising deposit costs

October 18, 2023

Via: Yahoo

Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest rates allowed them to charge more for loans, although rising loan loss provisions and deposit retention costs crimped margins. Shares of several regional banks fell, including […]


Mobile Banking Attracts Deposits; Does It Aid Their Exit?

May 29, 2023

Via: Bank Director

The combination of higher interest rates and technology means that banks with robust mobile banking capabilities have also seen more deposit runoffs — even before the spring banking crisis — according to researchers from Columbia University, the University of Chicago […]

Activity, Retail Banking

Apple’s new savings account sees $1bn in deposits within one week of launch

May 5, 2023

Via: FinTech Futures

The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% – a rate it claims is more than 10 times the national average. Users can set up and […]

Activity, Retail Banking

Robinhood developing early direct deposit access, app code shows

September 2, 2021

Via: Banking Dive

Trading app Robinhood is developing the capability for users to receive their paychecks by direct deposit up to two days early, Bloomberg reported Wednesday. The upcoming functionality was found within a beta version of a soon-to-be-published update to Robinhood’s iPhone […]