Hints and tips:
Related Special Reports
...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....
...Banks charge more for high loan-to-value mortgages, given the higher risk to the lender should the property fall into negative equity....
...Moody’s said the deposit downgrade makes NYCB the only US bank it rates to have a non-investment grade deposit rating....
...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....
...The FSCS report for HSBC’s non-ringfenced bank only included £2mn of deposits for 150 clients, so 99 per cent of eligible deposits and 70 per cent of customers had been wrongly excluded from the scheme....
...The bank said it continued to expect the metric to average 2.9 per cent this year....
...Banks have been able to profit from the higher rate environment by being quick to charge borrowers more on loans but slow to increase what is paid on customers’ deposits. But the wind is changing....
...The US Federal Deposit Insurance Corporation is working on proposals aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes....
...Industrial and Commercial Bank of China, China Construction Bank and Bank of China are now offering 1.45 per cent and 1.95 per cent on one- and three-year deposits, down 10 and 25 basis points respectively...
...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....
...Similarly, the Fed’s overnight reverse repo facility triggered deposit flight as the Fed raised rates. Old rules are revised slowly — Reg Q was introduced in 1933 — disadvantaging banks....
...In practice, the bank disclosed on Thursday that deposits have dropped more than $4bn, or by about 5 per cent, since the start of the year. Deposit flight remains a real risk. pan.yuk@ft.com...
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...Lloyds’ net interest margin (NIM) — the difference between the interest it charges on loans and the rate it pays on customer deposits — fell to 2.95 per cent from 2.98 per cent in the previous quarter....
...High interest rates mean small and midsized banks will continue to rely on expensive funding — particularly brokered deposits....
...’s largest banks to rebuild its depleted deposit insurance fund....
...The European Central Bank held interest rates at all-time highs on Thursday but kept the door open to cuts at its next meeting in June....
...While community banks mostly rely on deposits insured by the FDIC, regional banks’ business clients maintain significant levels of uninsured deposits....
...British banks have been spared the imminent cost of pre-funding a multibillion-pound deposit insurance guarantee scheme after the collapse of Silicon Valley Bank’s UK arm in March exposed weaknesses in existing...
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...— Argentina recently had a big win in court thanks to a “magic bullet” in its GDP warrants, via Friends of Alphaville Mitu Gulati and Mark Weidemaier (Clauses & Controversies) — Banks seem . . . not uniformly...
...To any objection that we are pointing to a hypothetical situation where zero-cost deposits evaporate, remember Silicon Valley Bank and First Republic Bank....
...The new limits being proposed by the Federal Deposit Insurance Corporation would raise new hurdles for any corporate combination that would result in a bank with more than $50bn in assets, significantly...
...By offering to lend to commercial banks at a rate closer to the one they earn on their deposits, the ECB hopes to overcome the stigma that deters some lenders from turning to the central bank for a loan....
International Edition