Global Banking Monitor

Saturday, February 24, 2024

Tag: deposits

Wells Fargo Informs Customers: Missing Deposits Glitch Now Fixed

The Wells Fargo glitch that made some customers’ direct deposits disappear from their bank accounts is over, the bank said on Saturday. “All accounts have...

Fed Data Shows Rise in Bank Deposits and Lending in the Latest Week

Bank deposits, and lending rose in week ended July 26, the latest data from the Fed showed. Deposits at large U.S. banks rose by $3.3...

Wells Fargo Customers Complain of Missing Deposits from Bank Accounts

Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts. On...

Axis Bank Expects Intensified Battle for India Deposits

The battle for deposits among Indian lenders is unlikely to abate, a senior official at Axis Bank Ltd. said on Monday, with customers seeking...

Emirates NBD Surpasses Expectations with Profit Surge Driven by Margins and Deposits

Emirates NBD PJSC’s net income for the second quarter beat estimates as higher margins, an improved deposit mix and loan recoveries raised revenue. Dubai’s biggest...

FDIC Issues Warning to Banks Regarding Uninsured Deposits Reporting Errors

In recent months, 55 banks revised the deposit data disclosed in a regulatory filing known as a call report, according to an analysis by...

ICICI Bank Foresees Margins to Moderate as Deposits Reprice

ICICI Bank Foresees Margins to Moderate as Deposits Reprice Private sector lender ICICI Bank expects to see some moderation in its net interest margin (NIM),...

Regional Banks Compete for Deposits Amid Looming Tougher US Rules

The biggest US banks are facing tougher competition for deposits and shelling out more to keep them. That doesn’t bode well for their smaller...

Surplus Deposits in Singapore Banks Lead to DBS Extending S$30 Billion Loan to MAS

Singapore banks are flushed with deposits with few options to deploy them amid a tepid lending environment. The city-state’s central bank is one avenue. The...

FDIC Reports Steepest Drop in US Bank Deposits in 39 Years at the Start of 2023

US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the Federal Deposit Insurance Corporation (FDIC)...

Western Alliance’s Growing Deposits Propel Regional Bank Stocks to Soar

Regional bank stocks surged on Wednesday after Western Alliance reported that customer deposits are growing. Western Alliance said in a regulatory filing Tuesday that its...

US Bank Deposits and Lending Decline During Turbulent Week

Deposits at US banks fell sharply and lending declined by the most in nearly two years amid financial turmoil triggered by the collapse of...

US Banks Experience Massive $126 Billion Outflow of Deposits

Depositors drained another $126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data. This time the outflow...

European Banks Lose Low-Cost Deposits as Savers Chase Higher Rates

European savers are increasingly moving their money from accounts that offer no or little interest to those that do, a shift that’s likely to...

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