THE heat is coming out of the deposit market, improving the banks' funding costs and the ability to pass on rate cuts.
(2 months and 5 days ago)
NEW YORK (TheStreet) -- Banks are hoping a rise in interest rates will help lift their margins, but a sudden and unexpected rise in rates could prove to be a "double-edged sword," according to Nomura analyst Keith Murray. A modest rise in interest rates could help most banks earn a better rate on their loans and because deposit rates typically respond with a lag, their...
(1 month and 19 days ago)
Banks and building societies have low-cost deals for those with just a 5 per cent deposit, while rates for those with a 10 per cent deposit have fallen up to 1.5 percentage points since May last year.
(1 day ago)
Banks offer their best rates to both depositors and borrowers to show an improved performance.
(1 month and 7 days ago)
Bendigo and Adelaide Bank says interest rates on deposit accounts may be about to fall as other sources of funds become cheaper and more accessible for banks.
(3 months and 4 days ago)
Filed under: Investing Stock markets have gone on a wild ride today, with the Dow Jones Industrial Average swinging 132 points from this morning's peak to a midday low. The Dow has since leveled off, down a fraction of a point as of 3:20 p.m. EDT, while the S&P 500 remains down 0.42%. The most recent news about the bailout in Cyprus is that the government rejected a tax...
(2 months and 5 days ago)
UK's deVere advisory group reports, "more and more expats in Spain, Italy, Portugal and Greece are now not unreasonably worried for their deposits in these countries," and are seeing a "surge" in the number of British expats seeking advice about moving funds out of eurozone's most troubled economies. As EUBusiness reports, "Whether the institutions like it and accept it or...
(1 month and 26 days ago)
While it is unknown if the Cypriot parliament will agree to, and enact into law, the Troika-demanded deposit haircuts, after the shocking vote of mutiny against Merkel earlier this week that saw not one politician vote for the Europe suggested deposit tax levy (and even the ruling party abstained), a vote which will once more take place tomorrow, moments ago Cyprus became...
(2 months and 2 days ago)
Charlie Hall takes fiancee Georgina on a course to tackle her fear of plane journeys
(30 days ago)
Since the ECB's decision not to pay interest on reserves, when it brought the deposit rate to zero last July, banks have shifted their funds out of the deposit facility and into current balance. At the same time, they moved funds out of the ECB altogether. On May 8th, banks further trimmed their overnight deposits at the ECB and at 120 bln euros is the least amount since...
(14 days ago)
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