Deposits
“For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ accounts,” reports NBC News: In an emailed statement Friday morning, a Wells Fargo representative said the issue was affecting a “limited number of customers,” and that “the vast majority” of instances had been resolved before noon, while the […]
Investors scrutinize cost of surging brokered deposits and FHLB loans as midsize banks bear brunt of higher interest rates. June 28, 2023, 7:00 PM UTC US banks have found a way to replace some of the hundreds of billions of dollars in deposits that flooded out their doors early this year. But it’s expensive, and […]
[1/2] The logo of Binance US is seen at a stand during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo June 8 (Reuters) – Crypto exchange Binance.US said on Thursday it’s suspending U.S. dollar deposits and that its banking partners are preparing to pause fiat dollar withdrawal channels […]
May 17 (Reuters) – Shares of U.S. regional lenders climbed premarket on Wednesday, looking to break out of range-bound trading as an update on Western Alliance Bancorp’s (WAL.N) deposit levels soothed concerns that the U.S. banking crisis was getting worse.
May 5 (Reuters) – Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday by the Federal Reserve showed, while overall credit provided by banks moved up, led by a record level of outstanding loans and leases. Deposits on a nonseasonally adjusted basis […]
Almost half of US adults say they’re worried about the safety of their deposits in banks and other financial institutions — levels of concern as high or higher than during the 2008 financial crisis. A Gallup poll released Wednesday shows 48% of Americans are very or moderately worried about their money following the worst spate […]
NEW YORK, April 6 (Reuters) – For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be rejigging offers in an effort to keep customers’ cash parked in their accounts for […]
WASHINGTON, March 22 (Reuters) – U.S. Treasury Secretary Janet Yellen told lawmakers on Wednesday that the Federal Deposit Insurance Corporation (FDIC) was not considering providing “blanket insurance” for banking deposits following the collapse of two prominent U.S. banks this month. Some banking groups have urged Congress to temporarily guarantee all U.S. bank deposits, a move […]
The Silicon Valley Bank headquarters in Santa Clara, California, on March 13, 2023. Noah Berger | AFP | Getty Images A coalition of midsize U.S. banks, Mid-Size Bank Coalition of America (MBCA), asked regulators to extend FDIC insurance to all deposits for the next two years, Bloomberg News reported on Saturday citing an MBCA letter […]
Comment on this story Comment Federal authorities are seriously considering safeguarding all uninsured deposits at Silicon Valley Bank, weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system, according to three people with knowledge of the matter, who spoke on the condition of anonymity to describe private […]