It’s a regulatory issue,” SNB chairman Ammar Al Khudairy told Reuters Wednesday. “We cannot because we would go above 10%. The rout occurred after the bank’s largest remaining shareholder, the Saudi National Bank, announced Wednesday it would not be increasing its 9.88% stake in the company, citing regulatory hurdles. Just as Lehmann was speaking in Riyadh Wednesday, Credit Suisse shares were in the process of sinking to a record low before trading was halted. Janna is the personal finance editor for Yahoo Finance. One last piece of advice from Tumin when opening a new deposit account: “Keep it under $250,000.' It pays to shop around in the coming weeks, Tumin said, especially as more banks reconsider their offerings and compete against each other.

Whatever the reason, savers can reap the rewards. So, they are encouraged to tactically pursue smaller deposits.” “If their balance sheets include a high percentage of uninsured deposits, that would be scrutinized by investors and probably regulators, too. “Banks that have many business accounts or uninsured accounts may want to diversify their deposits and get more small deposits,” he said.

Tumin also speculated that some of these banks are raising rates to attract new, smaller-dollar deposits that remain below the FDIC insurance limit of $250,000. Some media outlets reported that the bigger banks saw big inflows in recent days, potentially from customers who lost confidence in other institutions. Raising how much deposit accounts earn is one way banks can incentivize customers to keep their funds in their accounts, Tumin said.

Nebo the big larry