Ep. 89 - Big bank cuts to overdraft fees could trickle down to small banks, spur M&A

Street Talk

Το περιεχόμενο παρέχεται από το Street Talk, Nathan Stovall | S, and P Global Market Intelligence. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Street Talk, Nathan Stovall | S, and P Global Market Intelligence ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.

2+ y ago 17:34

MP3•Αρχική οθόνη επεισοδίου

A number of banks during fourth-quarter earnings season, including large players like Wells Fargo and Bank of America, unveiled plans to reduce overdraft and nonsufficient fees in 2022 as competitive pressure mounts from neobanks and regulators seek to increase their oversight of the issue. The group of banks that have cut or reduced their overdraft fees own close to 45% of U.S. deposits and likely will pressure many community banks and credit unions to follow suit, according to Lauren Seay, a banking reporter who has covered the topic for S&P Global Market Intelligence. In the episode, Seay explains why banks are making these changes now and discusses how the moves will impact earnings, the competitive landscape and even prompt more M&A activity.

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#Business #Street Talk #Nathan Stovall | S #Global Market Intelligence #U.S. Bank