Tag

Bank Deposits

All articles tagged with #bank deposits

business1 year ago•4 min saved

China's $538 Billion Capital Exodus Fuels Bond Rally, Pressures Yuan

China's economic policies have led to a significant shift of 3.9 trillion yuan from bank deposits into bonds and wealth management products in April, as investors seek higher returns. This movement is driven by reduced deposit rates and efforts to boost risk appetite, though it has not yet spurred consumer spending or stock investments significantly. The trend reflects low economic confidence, with funds favoring fixed-income assets and dividend stocks over riskier investments.

via Mint|

#bank-deposits #bonds #business

finance1 year ago•0 min saved

China's Capital Outflows Hit Record High, Boosting Bond Rally

China has seen a record $538 billion exodus from bank deposits in April as investors seek higher returns in bonds and wealth management products, driven by low deposit rates and regulatory crackdowns on preferential deposit practices.

via Bloomberg|

#bank-deposits #bonds #china

finance1 year ago•4 min saved

China's $538B Deposit Outflow Fuels Bond Market Surge

China's efforts to stimulate economic growth by reducing the appeal of bank deposits have led to a record $538 billion exodus from cash, with significant funds flowing into bonds and wealth management products. This shift is driven by low deposit rates and policy measures aimed at boosting risk appetite, though it has yet to significantly increase consumer spending or stock investments. The trend reflects low economic confidence, with investors seeking higher returns in safer assets like fixed-income products and dividend stocks.

via Yahoo Finance|

#bank-deposits #bonds #china

finance2 years ago•0 min saved

Charles Schwab's Earnings Beat Estimates, but Revenue and Deposits Decline

Charles Schwab reported better-than-expected adjusted third-quarter earnings of 77 cents per share, surpassing analysts' forecast of 74 cents. However, the brokerage giant's earnings were significantly lower compared to the same period last year, with revenue falling 16% year over year to $4.6 billion and adjusted net income dropping 31% to $1.5 billion. Additionally, bank deposits at Charles Schwab continued to decline.

via Barron's|

#bank-deposits #charles-schwab #earnings

finance2 years ago•2 min saved

"Majority of Indians Boost Bank Deposits by Depositing Withdrawn 2000-Rupee Notes"

About 80% of the recently withdrawn 2000-rupee notes in India have been deposited into bank accounts rather than exchanged for smaller denominations, according to six public and private sector bankers. The trend is expected to boost bank deposits, with the State Bank of India receiving INR170bn ($2.06bn) in value terms in the first week since the exercise began on 23 May. Of this, 82% was deposited into accounts, while the rest was exchanged.

via Reuters India|

#bank-deposits #currency #finance

finance2 years ago•2 min saved

FDIC Report Triggers Sharp Decline in Bank Stocks and Deposits.

The Dow Jones Industrial Average fell 0.4%, or 130 points, after the Federal Deposit Insurance Corporation revealed bank deposits fell 2.5% during the first three months of 2023, the largest decline since regulators began tracking the metric 39 years ago. All 10 of the largest U.S. banks by market capitalization dropped 1% or more in Wednesday trading, losing nearly $24 billion in value. The decline in deposits was driven by an 8.2% reduction in the volume of deposits above the FDIC-guaranteed $250,000 limit, as investors turned to higher-yield money market funds and safe haven assets like gold.

via Forbes|

#bank-deposits #dow-jones #fdic

finance2 years ago•1 min saved

PacWest's Dividend Cut and Deposit Trends Boost Regional Bank Stocks (NASDAQ:PACW)

PacWest Bancorp's decision to cut its dividend to build capital and the latest bank deposit data have reassured investors, leading to a rally in regional bank stocks. PacWest's stock surged 36% in premarket trading, while Western Alliance Bancorporation rose 11%, Metropolitan Bank Holding gained 10%, Comerica rose 7.2%, and KeyCorp rose 3.5%. Bank and Fed balance sheet data suggest stable to diminishing stress in the banking sector, though there are concerns about the recent resurgence of regional bank stress.

via Seeking Alpha|

#bank-deposits #dividend-cut #finance

finance2 years ago•1 min saved

"Growing Concern Among Americans Over Bank Deposit Safety"

A Gallup survey has found that nearly half of the 1,013 adults polled said they were "very worried" (19%) or "moderately worried" (29%) about the safety of the money they had tucked away in a bank or other financial institution. The level of concern expressed in the poll is similar to the findings that Gallup found shortly after the collapse of Lehman Brothers in September, 2008. The Federal Deposit Insurance Corp. backs deposits up to $250,000 per depositor. Those who identify as Republican or independent as well as those with middle- and lower-incomes were more likely to be concerned about their money.

via CNBC|

#bank-deposits #concern #fdic

finance2 years ago•2 min saved

FDIC proposes reforms to US deposit insurance system.

The Federal Deposit Insurance Corp. (FDIC) has recommended that the US replace its decades-old policy of insuring up to $250,000 in bank deposits with a targeted overhaul that would allow regulators to cover higher amounts. The proposal would offer business account coverage at higher levels than ordinary consumer deposits receive. The move comes as the FDIC contends with the third US bank failure this year, and aims to calm both depositors and markets.

via Yahoo Finance|

#bank-deposits #fdic #finance

finance2 years ago•0 min saved

Bank Deposits Decline as Savers Chase Higher Returns, Says Schwab and State Street.

Charles Schwab and State Street reported a decline in bank deposits as savers seek higher returns amid low interest rates. Schwab's bank deposits fell by $8.2bn in Q2 2021, while State Street's deposits decreased by $14bn in the same period. The trend reflects savers' growing preference for higher-yielding investments such as stocks and bonds.

via Financial Times|

#bank-deposits #finance #outflows

finance2 years ago•3 min saved

2023 Relief Check Update: Unemployment, Taxes, and Social Security.

The US added 236,000 jobs in March, leading to a small decrease in the unemployment rate to 3.5 percent. Millions of dollars in SNAP benefits have been stolen, and some states continue to distribute stimulus and relief checks. The deadline to submit a 2022 federal income tax return to the IRS is April 18, 2023, and Americans living abroad get an automatic tax filing extension. Supermarket prices have risen at the fastest rate in decades, and deposits at US commercial banks rose for the first time in about a month. Big tech companies have announced layoffs, which pleased investors as it may produce good returns on investment.

via AS USA|

#bank-deposits #finance #food-prices

finance2 years ago•4 min saved

US Bank Deposits and Lending Continue to Decline Amid Economic Uncertainty

US commercial bank deposits fell by $64.7bn for the week ending March 29 to $17.19tn, marking the 10th consecutive week of declines. Lending conditions tightened further as regulators scramble to shore up confidence in the financial system. Depositors have pulled funds from banks in part over fears about their safety. Financial institutions will stay in the spotlight with key earnings next week. Charles Schwab's net new client assets hit $53bn in March, the company's top executives said Thursday.

via Investor's Business Daily|

#bank-deposits #charles-schwab #federal-reserve

finance2 years ago•2 min saved

Bank Deposits Stabilize Amidst Economic Uncertainty

Deposits at US commercial banks rose for the first time in a month, indicating stabilization after the recent bank failures. Deposits rose at both large and small banks, with small banks being hit particularly hard by deposit outflows. Overall credit from US banks declined by a record of more than $120 billion, largely due to banks divesting $87 billion in securities to nonbanks. Lending to businesses and consumers held steady with $12.07 trillion in loans outstanding.

via Reuters|

#bank-deposits #bank-failures #credit

finance2 years ago•0 min saved

Money-Market Funds: A Safe Haven Amid Economic Uncertainty

Deposit outflows from banks to money-market funds are putting pressure on the Federal Reserve's overnight reverse repurchase facility, which borrows from money funds and other firms in exchange for securities such as Treasurys and then returns the money the next day. The facility offers interest on firms' cash balances, but some analysts say the flows add to bank-system stress. Money-market fund assets are increasing at a record clip, with much of that cash making its way to the Fed's program.

via The Wall Street Journal|

#bank-deposits #federal-reserve #finance

finance2 years ago•1 min saved

Janet Yellen's Shifting Stance on Bank Stability and Deposit Insurance

Treasury Secretary Janet Yellen's mixed signals on providing a de facto guarantee on all U.S. bank deposits are becoming a threat to the financial system. On Tuesday, she said protecting uninsured depositors over $250,000 could "be warranted if smaller institutions suffer deposit runs that pose the risk of contagion." However, on Thursday, she walked back her comments from the day before, muddling the rules and the Administration's message, which requires clear, consistent rules for market confidence and financial stability.

via The Wall Street Journal|

#bank-deposits #contagion-risk #finance