Consumers are reportedly taking legal action after allegedly being deceived by their banks’ savings offerings. As The Wall Street Journal (WSJ) reported Sunday (Feb. 25), these customers say their banks advertise high-yield accounts while paying longtime customers lower rates. In some instances, the report said,...
German FinTech N26 is launching a subscription-based digital banking suite to help individuals and businesses better manage their savings and spending. The premium subscription solutions — N26 Smart and N26 Business Smart — integrate new money management features like Round-Ups and dedicated phone support. The...
European consumers are stockpiling savings as a way to be prudent during the pandemic, but that isn’t having a positive effect on the country’s lagging economy. Bank deposits rose sharply in the last few months in several large European economies, including France, the U.K., Spain...
U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the economy, the Bureau of Economic Analysis reported on Wednesday (April 29). “The decline in first quarter GDP was in part due...
July 19, 2024
Chinese consumers are reportedly choosing to repay debt and buy wealth management products, despite government efforts to get them to spend. The country’s consumers put less money in the bank in June but didn’t spend that money, Reuters reported Friday (July 19). “The year-on-year decrease in excess savings growth has not yet translated into increased consumption,” […]
February 25, 2024
Consumers are reportedly taking legal action after allegedly being deceived by their banks’ savings offerings. As The Wall Street Journal (WSJ) reported Sunday (Feb. 25), these customers say their banks...
November 24, 2020
German FinTech N26 is launching a subscription-based digital banking suite to help individuals and businesses better manage their savings and spending. The premium subscription solutions — N26 Smart and N26...
May 25, 2020
European consumers are stockpiling savings as a way to be prudent during the pandemic, but that isn’t having a positive effect on the country’s lagging economy. Bank deposits rose sharply...
