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By Staff Reporters
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Moody’s research released on Friday suggests that the industry is experiencing greater instability from several bank failures and high inflation, calling “into question whether some banks’ assumed high stability of deposits and their operational nature, should be reevaluated,”
The Wall Street Journal reported. Six U.S. banks were placed on Moody’s review list in March, per Reuters. All six banks put for review failed and were downgraded with the new study, including Comerica Inc., First Republic Bank, Intrust Financial Corporation, UMB Financial Corp, Western Alliance Bancorp and Zions Bancorporation.
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Apple’s latest product launch, in partnership with Goldman Sachs, is a savings account that will yield a meaty 4.15% in annual interest just for parking your money in it. The details:
- You can open the savings account via the Wallet app on your iPhone, but you’ll need an Apple Card (Apple’s credit card) to be eligible.
- No minimum deposit is required, the max balance is $250,000, and all of your funds are FDIC-insured.
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Filed under: "Ask-an-Advisor", Accounting, Alerts Sign-Up, Alternative Investments, Experts Invited, Insurance Matters, Investing | Tagged: Apple, Apple savings account, bank failures, banks, banks dive, Comerica, First Republic Bank, Intrust Financial, Moody's, Reuters, UMB Financial, Wall Street, Wall Street Journal |
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