I noticed this report in Forbes last week which discussed a recent increase that Goldman Sachs was making on their...
According to the Wall Street Journal Goldman Sachs is going after yet another new line of business: corporate treasury services;...
Branchless banks have started to show their staying power when it comes to deposits in recent quarters even as they...
Citi is the world’s biggest credit card issuer and boasts over 28 million clients; while the card business is strong,...
Customers are becoming more demanding as interest rates climb; the average interest rate paid by the biggest US Banks jumped to 0.40% in the third quarter; sophisticated customers are now reconsidering where they hold their cash accounts; Fifth Third is one bank that is raising rates for these types of customers; wealth management deposits have decreased at Bank of America, JP Morgan and Wells Fargo in the third quarter according to Autonomous Research. Source
Lloyd Blankfein recently presented at the Credit Suisse 19th Annual Financial Services Forum; Blankfein shared that Marcus has access to over $17 billion in deposits; since the acquisition of GE Capital, retail deposits have grown 90% which gives allows them to access cheap capital; Goldman plans to grow consumer products offered through Marcus. Source
In episode seven of PitchIt: the fintech startups podcast we talk with MANTL Co-Founder & CEO Nathaniel Harley. Bank technology...
Raisin is one of the most successful European fintech platforms having raised more than $200 million in equity capital from...
Loan demand has increased in recent quarters and now banks find themselves struggling to gain enough deposits to match the...
A recent research note from Bank Policy Institute shares how big and smaller banks are fairing in the fight for...
