Deposits

Fifth Third Bank Leverages AI Strategies to Boost Customer Deposits

1 month ago

In the ever-evolving world of financial services, Fifth Third Bank is making headlines by embracing artificial intelligence (AI) to enhance its customer deposit strategies. The bank, known for its forward-thinking approach, is one of several institutions that have turned to advanced technology to attract and retain deposits in a competitive marketplace.

FDIC Reverses Course on Brokered Deposits and Bank Governance Changes

2 months ago

In a surprising move that could have significant implications for banking practices, the Federal Deposit Insurance Corporation (FDIC) has decided to rescind its controversial proposals regarding brokered deposits and bank board governance. This decision comes in response to extensive feedback from the financial sector and the public, which expressed concerns over the potential consequences of these changes.

Turkey's Bold Move: Boosting Taxes on Lira Deposits to Tackle Budget Deficit

3 months ago

In a significant economic shift, Turkey is set to increase taxes on lira deposits in a bid to curb its growing budget deficit. This decision, ahead of the upcoming elections, reflects the government's urgent need to stabilize the economy amid rising inflation and currency volatility.

Swedbank Reports Strong Lending Profit Boosted by Favorable Funding Conditions

6 months ago

Swedbank AB has delivered impressive figures in its latest financial report, showcasing a significant rise in lending profit that exceeded market expectations. The Swedish banking institution has benefitted from favorable funding conditions and a healthy deposit base, contributing to a robust performance amid challenging market dynamics.