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FDIC: Banks Pull In $237B In 2018

PYMNTS

Amid rising revenues and decreased taxes, the Federal Deposit Insurance Corporation (FDIC) announced on Thursday (Feb. In an announcement , FDIC Chairman Jelena McWilliams said, “Loan balances expanded, net interest margins improved and the number of ‘problem banks’ continued to decline.”. At the same time, interest income jumped by 8.1

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We Need a New Funding Strategy

Jeff For Banks

trillion in domestic deposits, according to the FDIC's Statistics at a Glance. Money market total financial assets, according to the St. But money market mutual funds seemed to be the benefactor of the switch. Of note there were 11% more CD accounts and 8% more retail money market deposit accounts. What happened?

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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. In separate news, U.S. In separate news, U.S.

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US Banking Industry Had No Failures In 2018

PYMNTS

banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC , citing Calculated Risk, last year was the first time since 2006 that not one U.S. FDIC) was founded in 1933 that an entire year went by without a bank going under.

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Report: US Banks Will Cut Jobs As Robots, Tech Bring About Change

PYMNTS

Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. Federal Deposit Insurance Corporation (FDIC) data, however, shows that the industry’s overall headcount has shrunk only 16 times as of 1935. In separate news, U.S. In separate news, U.S.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

bank failures per year between 1996 and 2006, and 3.6 Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. Between 1941 and 1979, an average of 5.3 banks failed a year. There was an average of 4.3

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Bank Customers Lose Real Money

Jeff For Banks

You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. If this were 2006, things would be good. Sure, your home value declined, but what does that mean to someone with little to no mortgage and isn't in the market to sell? Taxes go down? I made a funny.

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