[ad_1] A deposit run that felled Silicon Valley Bank and Signature Bank has hurt small banks much more than big ones, draining low-cost funding that has fueled their profitability in…
Tag: deposit
Washington Commanders and District of Columbia Settle Over Ticket Deposit Claims
[ad_1] The football team was accused of systematically withholding security deposits from fans, intentionally creating barriers to refunds and redirecting the funds for its own purposes. [ad_2] Source link
Banks keep savings deposit rates unchanged in current cycle : RBI
[ad_1] In the current rate hike cycle which began in May 2022 and saw a 250-basis-point (bps) hike in the repo rate, banks have almost kept interest rates on savings…
Italy’s term deposit rates inch up in March
[ad_1] MILAN (Reuters) – The average interest paid on 12-month deposits in Italy stood at 2.48% at the end of March, up from 2.36% in February, data showed, as banks…
Deposit Outflows Shine Light on Fed Program That Pays Money-Market Funds
[ad_1] Banks are under pressure from depositors’ embrace of money-market funds, pushing a popular Federal Reserve-sponsored financing program into the spotlight. Money-market fund assets are increasing at a record clip.…
Europe’s largest deposit of rare earth elements discovered in Sweden
[ad_1] Swedish iron ore miner LKAB announced Thursday that it had discovered Europe’s largest deposit of rare earth elements, which are essential for making electric cars and wind turbines. The…