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.
Webster Unlocks Fresh Medical-Related Deposit Source via Acquisition
Webster Bank has acquired medical funds custodian Ametros Financial Corp. for $350 million in cash, which will give the bank access to a source of low-cost and long-duration deposits.
Webster Bank a Winner from Spring Deposit Turmoil
Webster Bank was the only bank in the top 10 deposit-holders in Connecticut that registered an increase in deposits as bank customers scurried to spread their money around after the bank failures this spring, according to the latest FDIC deposit data.
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.
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.
