Heres some US deposit rates. and clearly the larger ones arent good value. I read somewhere that its perhaps their bond losses are so great they simply cant afford to pay!
Financial institution APY 1 UFB Direct 5.25% 2 TAB Bank 5.02% 3 Bask Bank 5.00% 4 Bread Financial 5.00% 5 Synchrony Bank 4.75% 6 LendingClub Bank 4.50% 7 Capital One 4.30% 8 Discover Bank 4.30% 9 Marcus by Goldman Sachs 4.30% 10 Ally Bank 4.25% 11 Wells Fargo 0.15% 12 TD Bank 0.02% 13 Chase 0.01% 14 U.S. Bank 0.01% 15 Bank of America 0.01%
src: https://www.bankrate.com/banking/savings/average-savings-interest-rates/
As for Soc Gen's "strategic plan", I always am very suspect when I hear the old "strategic review" from ASX boards. The point of having a board , management and meetings is to contiually asses and tune their strategy, not wait for a disaster to appear on the balance sheet before taking action.
Anyway, -0.2% annual growth for SG is what prompted this (according to the AFR), so its not a disaster, but recognition that lean times are ahead.
Market has to pull back off the Covid highs, then the 2019 highs, then the 2016 highs. Just so overdue for a correction, its almost like its thrown off the shackles completely and doesnt want to adhere to market protocol!
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |