China banks trim deposit rates to bolster record-low margins
INDUSTRIAL & Commercial Bank of China (ICBC) and Agricultural Bank of China lowered rates on some deposit products, easing pressure ...
Tag: Deposit
US banks see high deposit costs, investment banking boost
US LENDERS’ second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to ...
US banks tap complex mortgage product to fight deposit flight risk
US BANKS are ramping up investments in a complex part of the mortgage bond market that offers shorter-term securities, as ...
Vietnam expands massive bank rescue effort on deposit exodus, document shows
VIETNAM’S central bank lent another US$1.2 billion to ailing Saigon Joint Stock Commercial Bank (SCB) over the last two months, ...
China’s 3.9 trillion yuan deposit exodus supercharges rally in bonds
CHINA’S efforts to bolster economic growth by reducing the allure of bank deposits has driven a record exodus from cash, ...
Citi profit drops as costs rise for employee severance, deposit insurance
CITIGROUP’S profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside ...
Crypto Platform Accidentally Gives Woman $10.5M Deposit
Many have dubbed this the season of the "crypto winter," with the valuation of once-beloved coins plummeting amid a volatile ...
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