Regional Bank news and trends

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Report: Online Banks’ Deposits Grow as Regionals Struggle

June 04, 2023
It is apparently a good time to be an online bank. As The Wall Street Journal reported Saturday (June 3), these banks took in more deposits than they lost so far this year while regional lenders like Truist, Citizens Financial and PacWest saw their deposit numbers fall. Meanwhile, banks including Capital One, Ally Financial and Goldman Sachs’ Marcus all reported quarterly increases in […]