M&T Bank Saw Lower Q4 Net Income on Higher Deposit Costs
M&T Bank reported lower quarterly net income as it was affected by the high costs of retaining high interest-bearing deposits, despite both its loans and deposits increasing in the quarter.
S&P Sees Lower Bank Margins Ahead as High Deposit Costs Persist
U.S. banks increased deposit costs in the second quarter to protect core funding and have seen slowed deposit outflows, but that “defensive posture” and its lower net interest margins are likely to continue in the coming years
Banks, CUs Stare Down Deposit Retention Challenge
High interest rates on deposit products helped several smaller local banks come away from the spring banking turmoil with big hauls. But can they keep those new customers now that the crisis has passed?
