The interest rate news has been grim for U.S. banks. Novantas’ Andrew Frisbie weighs in on deposit cuts after rate plunge.
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US banks set for more deposit costs cuts after plunge in rates
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Tagged: deposit betas
novantas perspective
The Fed Makes Another Cut, But Can Betas Keep Pace?
The Fed just cut rates for the third time this year, a move that will keep pressure on bankers as they race to reprice their books.
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When Fed cuts rates, deposit prices likely to follow quickly
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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Big US banks work to keep deposits in-house amid shift to higher-rate accounts
Facing an increasingly competitive rate environment, U.S. banks say they have managed to keep deposits in-house even as customer funds migrate to higher-yielding options.
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Deep Dive | Beware of Betas that Bite
For a long time during the current rate cycle, the continued expectation of rising betas was akin to the “Boy Who Cried Wolf.”
novantas perspective
Beware of the Next 100 Basis Points in Canada: A Tricky Time For Deposits
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.