The competition for deposits continues as Wealthfront has raised the interest rate on their cash account from 2.29% to 2.51%;...
A recent research note from Bank Policy Institute shares how big and smaller banks are fairing in the fight for...
It seems like every week there is a new entrant into the US deposit taking space. Clearly there is an...
Branchless banks have started to show their staying power when it comes to deposits in recent quarters even as they...
Loan demand has increased in recent quarters and now banks find themselves struggling to gain enough deposits to match the...
Customers are becoming more demanding as interest rates climb; the average interest rate paid by the biggest US Banks jumped to 0.40% in the third quarter; sophisticated customers are now reconsidering where they hold their cash accounts; Fifth Third is one bank that is raising rates for these types of customers; wealth management deposits have decreased at Bank of America, JP Morgan and Wells Fargo in the third quarter according to Autonomous Research. Source
Raisin is one of the most successful European fintech platforms having raised more than $200 million in equity capital from...
Lloyd Blankfein recently presented at the Credit Suisse 19th Annual Financial Services Forum; Blankfein shared that Marcus has access to over $17 billion in deposits; since the acquisition of GE Capital, retail deposits have grown 90% which gives allows them to access cheap capital; Goldman plans to grow consumer products offered through Marcus. Source
By any measure the Goldman Sachs rollout of their Marcus deposit product in the UK has been a resounding success;...
I noticed this report in Forbes last week which discussed a recent increase that Goldman Sachs was making on their...
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