Deposits

"Normal system upgrade" knocks out SunTrust's online- and mobile-banking ops; "just a matter of time" before Amazon, Google enter mortgages; Wells Fargo looking for Tim Sloan's replacement?; and more from this week's most-read stories.

Carey Halio, who becomes CEO of Goldman Sachs Bank USA next month, wants to sustain its drive for consumer deposits and add products that make it more of a primary bank for customers.

Halio has served as chief financial officer of Goldman Sachs Bank USA for the past four years, and she previously worked in the company’s credit risk division

On Jun. 30, 2018. Dollars in thousands.

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The proposal, required by the regulatory relief package that Congress passed in May, would exempt the healthiest banks from having to count reciprocal deposits as brokered deposits.

The broadening of JPMorgan's Sapphire Reserve brand is emblematic of the niche expansion megabanks must rely on since bank M&A is not an option.

Some are relying on a national, digital strategy. Others say the right balance of costs and growth comes from more traditional means such as targeted branch openings and out-of-market expansion.

The agency said it would not apply the data collection requirement for existing accounts that automatically renew or roll over, such as certificates of deposit or commercial credit cards.

Larger community banks are favoring bigger targets — or relying more on organic growth — to expand.

On Mar. 31, 2018. Dollars in thousands.

BofI has agreed to buy $3 billion of deposits from Nationwide Bank as part of the insurance giant's exit from retail banking. The deal comes three years after BofI bought H&R Block Bank's deposits.

Loan growth accelerated for those in our annual ranking of banks with assets of $10 billion to $50 billion. See which of these 65 regionals are the best performers.

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.

Year to date Mar. 31, 2018. Dollars in thousands.

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending

The San Antonio company also kept a lid on expenses in the second quarter, further boosting its bottom line.

The bank, which would be only the second to call the Motor City home, would hire 500 people there while maintaining most of its workforce in Midland.

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from?