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Apple and fintechs like Robinhood chase yield-hungry depositors as Fed fee hikes proceed

With rates of interest rising and regional banks struggling, a number of new entrants have entered the high-yield financial savings account market. Apple jumped into the market final month with a financial savings account that yields greater than 4%, whereas fintechs corresponding to Robinhood and Improve supply merchandise with even larger rates of interest. “It…

Dow drops 300 factors, turns detrimental for the 12 months as financial institution fears develop: Reside updates

14 Minutes In the past First Horizon CEO says failed merger is unrelated to regional financial institution points First Horizon CEO Bryan Jordan mentioned on “Squawk on the Road” that he takes it at “face worth” that the failed merger with TD Financial institution was resulting from regulatory uncertainty and never a transfer by TD…