Banking
Ally focuses on digital experience in face of outflows
[ad_1] Ally Financial expects deposits to flow out as interest rates go down, but it is looking to digital tools and experiences to maintain…
Tag: Deposits
Banking
How a Mississippi credit union attracted $8 million in new deposits
[ad_1] Combining the August 2023 launch of Statewide Federal Credit Union’s new savings account with aggressive marketing efforts proved fruitful for the credit union,…
Banking
Bank of Baroda plans to double its total business to ₹48 lakh crore in 5 years
[ad_1] Bank of Baroda (BoB) is planning to add more heft to its balance sheet. India’s second largest public sector bank (PSB) is laying…
Banking
Robinhood automated deposits double QoQ|Bank Automation News
[ad_1] Investing platform Robinhood added more than $3.4 billion through its automated customer account transfer service in the first quarter, up 100% quarter over…
Banking
Hope Bancorp to buy Hawaii bank in $79 million deal
[ad_1] Hope Bancorp would add $2.24 billion of assets, including $1.31 billion of loans, with the acquisition of Territorial Bancorp.Adobe Stock Hope Bancorp, a…
Banking
Bajaj Finance, Shriram Finance follow banks, hike FD rates
[ad_1] Two leading NBFCs -Bajaj Finance and Shriram Finance -have hiked rates on term deposits following a slew of deposit rate hikes by banks…
Banking
Even before Fed cuts rates, banks trim what they pay for deposits
[ad_1] Ally Financial and Discover Financial Services are among the online banks that have recently lowered the rates they pay on high-yield savings accounts.Bloomberg…
Banking
Podcast: Grasshopper CEO Butler talks growth | Bank Automation News
[ad_1] Grasshopper Bank is investing in its digital offerings to meet its clients where they want to be met — whether through self-service channels…
Banking
Podcast: Digital bank grows account volumes by 420% | Bank Automation News
[ad_1] The digital, FDIC-insured bank looked to affiliate marketing platform Fintel Connect nearly two years ago to expand its reach, Fintel Connect Chief Executive…
Banking
NYCB’s $1 billion infusion restored confidence. Now what’s the plan?
[ad_1] Joseph Otting (left) is expected to become CEO of New York Community Bancorp after an investor group agreed to inject $1 billion of…
Banking
Concerns about New York Community mount after chief risk officer’s exit
[ad_1] New York Community Bancorp, which had $116.3 billion of assets at the end of last year, grew substantially through its acquisitions of Flagstar…
Banking
Citizens Bank is changing up its direct deposit switch process
[ad_1] The $225 billion-asset bank is doubling-down on its partnership with the New York-based payroll verification and direct deposit account-switching firm Pinwheel to streamline…
Banking
Podcast: 3 technologies banks need now | Bank Automation News
[ad_1] Financial institutions are looking to grow deposits and increase customer loyalty as business clients look to diversify deposits and manage liquidity. Bottomline…
Banking
After City National reports a big loss, executives predict a turnaround
[ad_1] “I think if we had really focused on leveraging into multiproduct relationships, we’d see a different profitability model now,” RBC Chief Executive Dave…
Banking
FIs use investing tech to keep deposits|Bank Automation News
[ad_1] Financial institutions are deploying investment technology in a bid to stop customers from withdrawing funds from their accounts and depositing them elsewhere. According…
Banking
Capital One seeks dismissal of lawsuit brought by disgruntled savers
[ad_1] Enjoy complimentary access to top ideas and insights — selected by our editors. Capital One is seeking the dismissal of a lawsuit filed…
Banking
Can you name the 10 banks with the biggest market share in Charlotte, Mecklenburg County?
[ad_1] This weekly news quiz is presented by the Charlotte Observer. To find more quizzes from the Observer, visit our profile on Sporcle. Charlotte…
Banking
What is SVB like under Raleigh’s First Citizens Bank? We asked NC Triangle startups.
[ad_1] First Citizens Bank headquarters in Raleigh, N.C. on Monday, March 27, 2023. Kaitlin McKeown kmckeown@newsobserver.com On March 27, Raleigh’s First Citizens Bank transformed…
Banking
IDFC FIRST Bank foresees steady surge in profit in next few years
[ad_1] IDFC FIRST Bank is confident of clocking a much stronger profit growth over the next five years on the back of a good…
Banking
Profits soar at JPMorgan, Wells Fargo as they defy deposit pressures
[ad_1] Megabanks like JPMorgan Chase and Wells Fargo have an edge in net interest income over their regional-bank rivals, according to Brian Mulberry at…