is it bad to be split between banks? i have my personal checking and savings accounts in the bank my parents use (WF). i share a joint account with my partner at their bank (CO) and started my first line of credit with them since my partner got points or something for it. i’m considering switching fully to CO, especially since WF is not known for excellent customer service when it …

Banks Could Weather Even Extreme Economic Tumult, Fed Finds The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S. lenders stood tall.

Fearing Losses, Banks Are Quietly Dumping Real Estate Loans If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

More Central Banks Are Exploring a CBDC, BIS Survey Finds There’s a greater chance of a wholesale CBDC being issued within six years than a retail one, according to the report.

Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as “financial inclusion” is thrown around as a social objective. We need a viable alternative, says Noelle Acheson.

Applying for all loans on DCU and other banks I’m interested in taking out a $1500 personal loan. Nothing major. There are many different types of loans on different platforms. I want to send in an application to apply for all of the loans… 10+ and see which ones I get approved for. Then decide what to accept. Would anyone recommend not doing this and only applying for one loan at a time?…

Japanese Banks Are Abandoning Toyota Happy Friday! It’s June 7, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Read more…

Is getting a credit card with same company one banks with not recommended? What are the pros and cons of getting credit card with company one banks with? Is it recommended or not recommended? submitted by /u/sports_fan27

Help with switching banks and finding a new one This is probably a silly question, but how do I go about switching banks? I opened a bank account in high school in my home town (it’s a small, local bank that only exists in that region). I kept it throughout high school, all through college, and still have it. I’d love to have a bank local to me or at least one that’s somehow accessible witho…

being denied banks at 18 Hi so i recently turned 18 a few days ago and i tried to open a checking account with capital one but they said “We received your Checking account application, but we can’t approve it right now. This decision was based on a number of factors, including a report from Early Warning Services®, a consumer reporting agency. Their report is like a cre…

Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank Swedish climate fintech Doconomy told CNBC it’s raised $36.9 million in a Series B round co-led by the venture arms of UBS and CommerzBank.

How can banks in the USA give 30 year fixed mortgage on home loans? Comparing the USA to australia, here in australia we can only get a 5 year fixed MAX and at an usually inflated interest rate, the more years, the higher the rate, how can banks in the US give our 30 year fixed without going broke? You’d think that when they gave out all the 30 year fixed mortgages at 2.2% it would send them broke if interest ra…

Do banks, credit unions offer better interest rates on loans to existing customers when compared to new customers ? will customer history with the financial institution, such as longtime relationship, number of accounts, cash deposits influence loan approvals, interest rates ? submitted by /u/tallarico_

South Carolina banks on the sum being greater than the star In a season that has been defined by individual stars, balanced South Carolina hopes to be the last team standing.

Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal Financial service companies often avoid what they deem high-risk industries like adult entertainment. When workers lose their accounts, they are left with few options.

Recently Changed Banks And I set up my direct deposit in ADP deposit straight into my savings account, with its own account number – they share the same routing number. However, in ADP I see that I flagged the account as a Checking Account instead of a Savings account. Does this have consequences for successful deposit into the account? Or is it just a me-friendly-lab…

Do Big Banks sell your mortgage loan? I know small banks do but do big, national banks? I’m worried about the confusion that surrounds having to change where payments go and potential for errors. submitted by /u/Legitimate_Elk2551

Zelle banks have been paying back scam victims after government pressure Illustration by Amelia Holowaty Krales / The VergeThe banks that participate in the Zelle payments app owned by JPMorgan Chase, Bank of America, and others have relented in their refusal to pay back victims of imposter scams. Reuters reported today that the repayments started on June 30th and were a response to lawmaker pressure on the Consumer …

HSBC to launch storage services for tokenized securities as more big banks warm to blockchain HSBC said it is launching custody services for storing tokenized securities, digital versions of regulated assets like bonds that exist on the blockchain.

Why Banks Are Suddenly Closing Down Customer Accounts Surprised individuals and small-business owners can’t pay rent or make payroll, and no one ever explains what they did wrong.