Online Banks Are Winning This Year's Deposit Wars
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
That's another win for the internet.
Online banks -- such as Goldman Sachs' Marcus or Ally Financial -- scored more deposits than outflows in the most recent quarter, bucking an industrywide trend, according to analysis this weekend by The Wall Street Journal. Is it the latest nail in the coffin for bank branches?
Source Fool.com