State College landlord settles lawsuit over withheld security deposits, unsafe housing
HARRISBURG, PA — A State College landlord accused of withholding security deposits and providing unsafe living conditions has reached a settlement with the Pennsylvania Attorney General’s Office. Rodney Hendricks, doing business as…
ECB reviews interest on government deposits to curb losses -sources
By Francesco Canepa FRANKFURT (Reuters) – European Central Bank policymakers are reviewing the interest the bank pays on government cash deposits, including a potential cut, to try and rein in mounting losses…
ECB policymakers eye springtime push to cut payments on banks’ deposits – sources
By Balazs Koranyi MARRAKECH (Reuters) – European Central Bank policymakers are planning a springtime push to cut interest payments made to commercial banks, in part to recoup some of the costs associated…
Apartment Landlord Scammer Arrested After Bilking Victims Out of $48,000 in Bogus Deposits
PERTH AMBOY, NJ – The Perth Amboy Police Department is alerting the community about an apartment rental scam that has defrauded multiple residents. Eridelbi Placencia, a 32-year-old resident of Perth Amboy, is…
Most European banks’ deposits hit as savers hunt for deals -S&P
By Iain Withers LONDON (Reuters) – A majority of large European banks reported a fall in deposits over the year to June 2023 as customers shopped around for better savings deals, according…
Apple’s high-yield savings account hits over $10 billion in customer deposits
(Reuters) – Apple’s high-yield savings account offered by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology giant said on Wednesday. The deposit account, which was launched…
South Korea to ease loan curbs for some homeowners paying ‘jeonse’ deposits
SEOUL (Reuters) – South Korea will loosen loan regulations for homeowners having difficulty repaying “jeonse” deposits to tenants, for a year starting on Thursday, the financial regulator said. Jeonse refers to South…
JPMorgan, Wells Fargo expect deposits to extend Q2 declines
By Saeed Azhar and Nupur Anand NEW YORK (Reuters) – Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep spending and…
New Zealand passes law guaranteeing bank deposits up to NZ$100,000
SYDNEY (Reuters) – New Zealand passed a law on Thursday guaranteeing bank deposits up to NZ$100,000 ($60,770), a move it said would strengthen and protect its financial system. The Deposit Takers Bill…
SVB’s Asian customers who lost deposits remain on the hook for loans – WSJ
(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The…
US bank deposits and credit slip in latest week, Fed data shows
(Reuters) – Deposits at all U.S. commercial banks slipped last week and overall credit provided by banks edged lower as well, Federal Reserve data released on Friday showed. Deposits in the week…
U.S. bank deposits rise in early May, lending little changed at record high
(Reuters) – Deposits at U.S. banks climbed in early May, ticking up from the lowest level in nearly two years while bank lending was little changed at a record level, Federal Reserve…
U.S. bank deposits dip in latest week
(Reuters) – Deposits at commercial U.S. banks dipped in the week ended April 19, signaling no fresh worries about bank safety of the kind that drove sharp outflows in the week immediately…
US bank deposits, loans ticked down in latest week -Fed data
(Reuters) – Deposits at all U.S. commercial banks dropped in the second week of April, though at smaller banks deposits held steady in a sign of stabilization in the financial institutions hardest…
JPMorgan amasses deposits as customers move money to largest U.S. bank
By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. regional banks…
Bank deposits edge up after record outflows, Fed data shows
By Dan Burns (Reuters) – Deposits at U.S. commercial banks rose near the end of March for the first time in about a month, showing signs of stabilizing after the two largest…
Column-Shadow bank boxing as money funds drain deposits :Mike Dolan
By Mike Dolan LONDON (Reuters) – Cash-like money funds could increasingly suck deposits from smaller U.S. banks until lagging bank savings rates are finally forced up to compete while the Federal Reserve…
Bankers at US midsize lenders battle to keep deposits after exodus
By Tatiana Bautzer and Nupur Anand LAS VEGAS (Reuters) – Mid-sized U.S. lenders are getting creative as they try to hang onto customer deposits after two bank failures rattled consumers and spurred…
Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquidity
ZURICH (Reuters) – Sight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and UBS may have taken big chunks of…
First Citizens Bank to buy SVB’s deposits, loans from FDIC
(Reuters) – First Citizens Bank & Trust Co will buy all of Silicon Valley Bank’s deposits and loans from the Federal Deposit Insurance Corporation (FDIC), the regulator said in a statement. (Reporting…
Analysis-US bank trading and deposits in focus after rollercoaster month
By Tatiana Bautzer and Nupur Anand New York (Reuters) – As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits are among the key…
Janet Yellen Says Government Won’t Offer ‘Blanket Insurance’ Of Bank Deposits
Janet Yellen Says Government Won’t Offer ‘Blanket Insurance’ Of Bank Deposits Jason Cohen on March 22, 2023 Treasury Secretary Janet Yellen told lawmakers Wednesday that the Federal Deposit Insurance Corporation (FDIC) wouldn’t…
‘Most vulnerable’ U.S. banks lost $1 trillion in deposits in a year -JPMorgan
By Nupur Anand New YORK (Reuters) – JPMorgan Chase & Co analysts estimate that the “most vulnerable” U.S. banks are likely to have lost a total of about $1 trillion in deposits…
Bank deposits have stabilized in last week, Powell says
(Reuters) – Deposit flows in the U.S. banking system have stabilized in the last week after a historic run on deposits at Silicon Valley Bank prompted its collapse and forced finance officials…
US officials study ways to expand FDIC coverage to all deposits -Bloomberg News
(Reuters) – U.S officials are looking at ways to temporarily expand Federal Deposit Insurance Corp (FDIC) coverage to all deposits, Bloomberg News reported on Monday. U.S. Treasury Department staff are studying whether…
Sight deposits rise, indicating Credit Suisse took central bank liquidity
ZURICH (Reuters) – Credit Suisse took a hefty chunk of liquidity from the Swiss National Bank last week, sight deposit data published by the central bank indicated on Monday. Total deposits held…
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