Another week of lockdowns and the rollout of the CARES Act is adding an additional degree of organizational complexity for banks.
The health crisis that is sweeping the country is creating tectonic changes in the role of bank branches.
Reduce, But Don’t Slash and Burn Commercial Deposit Rates: Careful Response Needed After Fed Rate Cuts
It is clear that commercial deposit rates will fall following the Fed’s emergency rate cuts, but the initial reaction to cut them aggressively should be tempered with an eye toward the future.
The safety and wellbeing of customers and employees are of utmost importance at this difficult time, but the recent dramatic rate cuts will push banks’ management to take meaningful action to operate a sustainable business.
What do consumers want from a checking account and why do they switch providers? The Novantas 2020 U.S. Banking Shopper Survey explores this and more.
The Fed unexpectedly cut interest rates by 50 basis points today, sending bankers racing to assess their deposit-rate strategies. It was the first time since the fall of 2008 that the Fed took rate action outside of a scheduled FOMC meeting.
The Bank of Canada held its target for overnight rates steady at 1.75%, but warned that recent economic weakness will bear close watching. Novantas has identified four key banking issues to monitor throughout the year.
To understand the true value of underlying deposits, acquirers — whether they are banks or fintechs — must dig deeper into the deposit portfolio during the due diligence period.
Do you have the right vision for your bank? Novantas poses five questions to help guide bank executives through 2020.
New year, new challenges. From deposits to the yield curve, the new Novantas Review guides you into the new decade.