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Two separate studies released this month attempted to answer that question, and what they found was that most consumers would still prefer to stash their savings in traditional banks.
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S&P Global | Market Intelligence discussed mix shift and CDs with Novantas’ Adam Stockton.
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“Whether our clients are in marketing, product, pricing, channel optimization or treasury, our products are increasingly relied on to make better enterprise decisions” – Darryl Demos, Head of Data and Technology Solutions at Novantas
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Novantas recently participated in research by Harvard Business Review Analytic Services sponsored by Cloudera that examined the emerging challenges and opportunities of data strategy and management.
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As Fed has trimmed rates and considers further cuts, lenders may see growth in depositors dry up
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If you’re considering a CD, now could be the right time to act.
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If you’re considering a CD, now could be the right time to act.
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U.S. banks were cautious about their ability to control deposit costs when interest rates were rising, often expressing surprise that prices were not more sensitive to increases in benchmarks.
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Brokerage firms want to be your banker, too.
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Hopes that a pause in interest rate hikes would end upward pressure on deposit costs have failed to materialize so far.
