Deposits at custodian bank State Street Corp and regional bank M&T Bank Corp fell 3% each, while those at Charles Schwab Corp shrank 11% from the prior quarter. theSun theSundaily business economy USA deposit Finance
Deposits at three financial institutions fell in the first quarter as the industry’s biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere.
The results mark a mixed start to a busy week during which a number of regional lenders are expected to report earnings and the impact from the crumbling of two banks last month. Credit Suisse analyst Susan Katzke wrote in a research note that State Street’s earnings fell short of estimates due to lower-than-expected net interest income. The firm showed heavier outflows from non-interest bearing accounts, Katzke wrote.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Registered schools eligible for water tariff rebate from Penang Water Supply Corp, says CMGEORGE TOWN, April 16 — Penang Water Supply Corporation (PBAPP) has been directed to offer water tariff rebate for non-domestic consumption to registered schools in the...
Read more »
Restaurant brawl: Police tracking down three menThe 16-year-old victim was dragged out of the restaurant and bashed repeatedly but he managed to escape after a while and lodged a police report at 3.46am theSun theSundaily brawl workers violence police investigation Malaysia
Read more »
Seremban restaurant brawl: Cops tracking down three menSEREMBAN: The police are tracking down three men to assist investigations into a brawl at a restaurant in Taman Permai Seremban, as viraled on social media since Saturday (April 15).
Read more »
Seremban cops tracking down three men believed involved in restaurant brawlSEREMBAN, April 16 — The police are tracking down three men to assist investigations into a brawl at a restaurant in Taman Permai Seremban, in a video that has gone viral on...
Read more »
Three Koreans hurt in workers’ protest at KK industrial parkKOTA KINABALU: Three Koreans were injured during a workers’ protest at a construction site at the Kota Kinabalu Industrial Park area on Saturday (April 15).
Read more »