deposits

Charles Schwab Customers Deposit $16.5 Billion During Banking Crisis
Charles Schwab Customers Deposit $16.5 Billion During Banking Crisis
March 19, 2023  |  Investments

Charles Schwab says it saw “strong inflows” from clients amid this month’s banking crisis. Between March 10 and March 16, customers brought $16.5 billion in...

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LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
LendingClub’s Digital Bank Deposits Soar 80% as Interest Rates Rise 
October 26, 2022  |  Banking

LendingClub’s latest results, in the words of CEO Scott Sanborn, tell a story of “two halves” of 2022 as interest rates continue to soar: The...

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Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
Today In Payments: Wirecard Says $2.1B Likely Didn’t Exist; Checkout.com Raises $150M On $5B Valuation
June 22, 2020  |  News

In today’s top news, Wirecard says the missing $2.1 billion from its Philippines accounts probably never existed, and checkout.com raised $150 million. Plus, U.S. consumers...

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Goldman Closes Marcus UK To New Deposits Amid Savings Surge
Goldman Closes Marcus UK To New Deposits Amid Savings Surge
June 10, 2020  |  Digital Banking

A global savings surge amid the coronavirus lockdowns is forcing Goldman Sachs to shut off its Marcus savings accounts to new customers in the United...

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London Unicorn FinTech Revolut Rolls Out In The US 
London Unicorn FinTech Revolut Rolls Out In The US 
March 24, 2020  |  Digital Banking

London-headquartered FinTech Revolut is launching its app-based digital-only bank in the U.S. after attracting more than 10 million customers across Europe and the U.K. U.S....

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FDIC Approves Square For Banking License
FDIC Approves Square For Banking License
March 19, 2020  |  Banking

The Federal Deposit Insurance Corporation (FDIC) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank...

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Goldman Targets $125B In Consumer Deposit Balances In Five Years
Goldman Targets $125B In Consumer Deposit Balances In Five Years
January 29, 2020  |  Banking

Amid the targets for return on equity in the investment banking business, Goldman’s first Investor Day in the wake of a revamped operating structure placed...

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Revolut Offers High-Interest Savings Product In UK
Revolut Offers High-Interest Savings Product In UK
January 23, 2020  |  International

Global financial services startup Revolut is now offering U.K. customers a 1.35 percent AER interest rate with its new product, Savings Vaults, the company announced...

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Even Expands Pay Advance Offer To Include Goal-Based Savings
Even Expands Pay Advance Offer To Include Goal-Based Savings
January 23, 2020  |  Digital Banking

Financial wellness technology startup Even is rolling out a new savings solution that gives users the ability to target three goals at the same time,...

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