Banking & Savings

Q&A: What Varo Money’s Colin Walsh has in mind

There are three reasons Varo Money stands out from the crowded field of fintech apps that handle money management, payments, and lending. One is that the venture was formed by people with banking experience. A second reason is that Varo rolls several different functions—banking, payment, lending, and money management into one “holistic” mobile app, whereas most of the others do ...

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The Charles Schwab Corporation (SCHW) Stake Increased by Norway Savings Bank

Norway Savings Bank increased its stake in The Charles Schwab Corporation (NYSE:SCHW) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,583 shares of the financial services provider’s stock after buying an additional 63 shares during the period. Norway Savings Bank’s holdings in The Charles Schwab ...

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Amalgamated Bank Has $234,000 Position in Capitol Federal Financial, Inc. (NASDAQ:CFFN)

Amalgamated Bank increased its position in shares of Capitol Federal Financial, Inc. (NASDAQ:CFFN) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,028 shares of the savings and loans company’s stock after buying an additional 24 shares during the period. Amalgamated Bank’s holdings in Capitol Federal ...

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M&T Bank Corporation (MTB) Stake Maintained by Norway Savings Bank

Norway Savings Bank maintained its stake in M&T Bank Corporation (NYSE:MTB) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,055 shares of the bank’s stock at the end of the second quarter. Norway Savings Bank’s holdings in M&T Bank Corporation were worth $657,000 as of its most recent SEC filing. Several ...

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Now Transfer More Funds Without Registering A Payee

Last month SBI cut interest rate on savings accounts with balance below Rs 1 crore. SBI, India’s biggest lender, has relaxed its rules further to make online funds transfer more convenient for its account holders. In its latest initiative, SBI has raised the limit on the amount of money that can be transferred online by a savings account holder through ...

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Shanti Ekambaram, Kotak Mahindra Bank

In an interview with ET Now, Shanti Ekambaram, Kotak Mahindra Bank , speaks about the bank’s decision to retain 6% savings bank rate but cut the rate to 5.5% in the bucket of Rs 1 crore – Rs 5 crore. Edited excerpts: You have retained the 6% savings rate but cut the rates by 50 bps to 5.5% in the ...

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MAS proposes raising insurance coverage on bank deposits to $75,000 from $50,000, Banking News & Top Stories

SINGAPORE – The Monetary Authority of Singapore (MAS) asked on Friday (Aug 4) for public feedback on proposals to enhance the deposit insurance scheme. The insurance scheme now protect deposits of up to $50,000 in banks and finance firms. Singapore dollar-denominated deposits, such as those held in a savings, fixed deposit or current account, are covered under it. A key ...

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