Deposits

The Canadian banking giant has the resources and the tech know-how to build a digital-only bank in the U.S., but can it set itself apart from the likes of Capital One, Ally, Citizens Bank and Goldman Sachs?

Bankers in the Hawkeye State are targeting legislation that would permit credit unions to gamify savings. This is at least the third major issue in recent years where the two sides have had a high-profile clash.

Year to date Sep. 30, 2019. Dollars in thousands.

The new features use automatic transfers to encourage account holders to build savings faster and with less effort.

The Maine-based credit union also grew membership last year to the point where it now serves nearly 40,000 consumers.

The people of tiny Duncan, Ariz., have found creative ways to adapt to life in a banking desert, but their experience augurs a worrisome future for many other rural communities.

The Wall Street bank aims to double consumer deposits and triple outstanding consumer loans in five years. A checking account is slated for 2021, and more cobranded credit cards could be coming.

On Sep. 30, 2019. Dollars in thousands.

Ally and other direct banks continue to report strong deposit growth even as they slash the rates they pay to depositors. The trend suggests that the online-only approach has more staying power than its detractors believed.

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.