National Survey Finds Bank Execs Worried About CFPB Small Biz Data Rule
Sixteen percent said in a new survey that they may lower small business lending due to anticipated higher costs from the rule.
J.D. Power: National Banks’ Deposits Vulnerable to Higher-Rate Offers
Customer satisfaction with national banks slightly improved this year, but a J.D. Power study found that depositors are attracted to higher interest rates at investment or wealth management and digital-only banks.
JPMorgan, Cambridge Savings Vault into Ranks of Top Deposit-Holders
Seven out of the top 10 banks in terms of deposits gathered in Massachusetts saw declines in deposits as of the end of June according to FDIC data released this week.
Survey: US Bank Executives Expect to Pay More to Keep Deposits
An S&P survey says bank executives are getting less optimistic as they expect to pay more to continue keeping deposits and to rely more on deposit rate specials.
S&P: Banks Maintain Cautious Outlook
Bank leaders nationwide are expecting either a flat or a slight decrease in performance for the next 12 months, according to a second-quarter survey by S&P Global Market Intelligence.
FDIC to Exclude Small Banks from Special Assessment
If your bank has less than $5 billion in uninsured deposits, it will be exempted from a new FDIC fee being levied on the nation’s banks in order to replenish the agency’s deposit insurance fund.
First Republic Lost $100B in Deposits
Depositors at First Republic Bank pulled more than $100 billion out of the bank during last month’s crisis, as fears swirled that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.
Webster Bank Saw Deposit Growth in First Quarter
Connecticut-based Webster Bank saw deposits increase by 2.3 percent during the first quarter.
Survey Suggests Depositors Searching for Yield as Financial Health Dips
Fewer customers had $10,000 or more in deposits at their primary bank in the past year, while the percentage of customers categorized as financially unhealthy increased, according to a new study from J.D. Power.
Rockland Trust Sees Value in Core Deposits
Rockland Trust Co. continues to bring in more noninterest-bearing deposits, and the bank’s executives see benefits from its focus on core deposits as interest rates continue to increase.
Cambridge Trust Expects Deposits to Hold Steady Through Q4
Cambridge Trust Co. executives said Tuesday that the bank expects its deposits won’t keep growing through the end of the year as lenders everywhere face an uphill battle against a weakening economy and rising interest rates on Treasury bonds.
Lenders Use CDs to Play Deposit Defense
Faced with pressure to pay higher rates, banks and credit unions are turning to special offers – with rates sometimes 3 percent or higher – to lock in deposits.
House Budget Chief Won’t Commit to Middle Class Relief Checks
The House budget chief wants to “get something done in the shortest period of time possible” to revive an economic development bill, but he will not commit to keeping already-approved tax relief measures in the final legislation with taxpayer rebates already flowing via another route.
