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...“We can’t do anything with Russian deposits apart from keeping them with the central bank....
...since the investment bank began tracking the figure in 2017....
...The transatlantic gulf reflects a lack of investor enthusiasm for the UK market, which is heavily weighted towards sectors like banks and mining, and lacks the high growth technology stocks that have powered...
...prepared to use the Fed’s discount window (new Federal Reserve data, also via Reuters) — Deposit Insurance, Uninsured Depositors, and Liquidity Risk During Panics (NBER) — The next mass extinction?...
...Abrdn’s trust is trading at an 18.3 per cent discount to its net asset value, and the Fidelity trust is at a 9.7 per cent discount....
...For example, a bank will go to a third-party brokerage like Fidelity and ask it to find customers for a large block of high-yielding certificates of deposit....
...Under the terms of the deal, NYCB is selling common and convertible preferred shares to the new investors at a 38 per cent discount to its closing price on Tuesday....
...At Bank of America, rising deposit costs equalled two-thirds of new interest received in the quarter....
...Both banks were also small enough to escape the post-crisis liquidity rules and each proved incapable of tapping the discount window....
...The Bank of England has fined HSBC £57.4mn for failing to correctly identify customer deposits eligible for protection under the UK’s Financial Services Compensation Scheme between 2015 and 2022....
...Greek banks, with floating loans and sticky deposits, have benefited from rising interest rates. They may be less sensitive to the coming downcycle....
...“However, not everyone has access to the Bank of Mum and Dad, and is it fair that if you are not in this position you can never realistically afford to get on the housing ladder, but must rent indefinitely...
...Including reciprocal deposits, held for customers of other banks and typically not counted as core deposits, NYCB had total deposits of $77bn after the $8bn deduction....
...The board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...deposit accounts....
...High-priced dealmaking failed to yield compensatory sales growth, cost savings or serious disruption to incumbent banks or payment networks....
...America’s largest bank, with more than $2.4tn in deposits, is getting into the ad-selling business....
...Lloyds’ net interest margin — the difference between the interest charged on loans and the rate paid on deposits — slipped to 2.95 per cent from 2.98 per cent in the previous quarter....
...It drew in investors including US investment group GQG Partners and asset manager Fidelity....
...As high rates persist, more customers are moving their money out of low-interest rate checking and savings accounts and into higher-yielding products like certificates of deposit, Treasuries and money market...
...Loans have grown only 2 per cent in that time, meaning most of the gains are from wider margins between what banks charge for loans and pay out on deposits....
...Net demand for investment trusts on platforms such as Transact, Fidelity Adviser Solutions, M&G and 7IM was negative for the first time since records started in 2011, with sales exceeding purchases by £53mn...
...This is from a piece by my colleagues Stephanie Stacey and Costas Mourselas, entitled “UK’s ‘staggeringly cheap’ stocks trade at record discount to US,” and published on Saturday....
...Customer deposits rose 0.2 per cent to £420bn, fuelled by growth in the retail bank and offsetting a £1.2bn reduction in its commercial and institutional business....
...Facing systemic-scale runs, the Fed, Treasury and FDIC backed uninsured deposits at the failed banks and, by inference, any to follow....
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