Topics: US banking

Major U.S. regional banks such as Charles Schwab, Citizens Financial, and US Bancorp report decreased profits as competition for deposits from larger banks impacts lending margins.

Major U.S. regional banks such as Charles Schwab, Citizens Financial, and US Bancorp report decreased profits as competition for deposits from larger banks impacts lending margins.

Beacon Credit Union's acquisition of Mid-Southern Savings Bank and Advia Credit Union's purchase of NorthSide Community Bank mark the latest in a series of bank acquisitions by credit unions in the US.

Beacon Credit Union\'s acquisition of Mid-Southern Savings Bank and Advia Credit Union\'s purchase of NorthSide Community Bank mark the latest in a series of bank acquisitions by credit unions in the US.

According to statistics from the Federal Reserve (Fed), the US banking system has witnessed a significant decrease in deposits since the beginning of January.

According to statistics from the Federal Reserve (Fed), the US banking system has witnessed a significant decrease in deposits since the beginning of January.