Our latest Novantas Research report explores the customer perspective, leveraging interviews with customers whose banks have been bought by other institutions.
The outlook for deposits should be at the top of bankers’ minds following the Bank of Canada’s recent rate hike, which represented its fourth — and a cumulative 100 bp — move in the past year.
The U.S. banking industry has always followed a very simple formula: Intermediation 101 calls for banks to gather deposits from local depositors (primarily retail) and lend to local borrowers (primarily businesses).
The field of banks competing for deposits with high-yield savings products is becoming increasingly crowded.
Novantas is honored to be one of the top 5 finalists of Cloudera’s Data Impact Awards in the Customer Insights category.
As the industry moves from the first 100-basis-point increase to the second, more and more of the increase starts to get passed along to the consumer. We see that on both the savings and GIC side. – Adel Mamhikoff