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First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has slowed to a trickle in recent days, CNBC has learned. Uncertainty caused by the collapse of Silicon Valley Bank earlier this month triggered outflows and plunging share prices at peers including First Republic and PacWest. The situation, which roiled markets globally and forced U.S. regulators to intervene to protect bank customers, began improving around March 16, according to people with knowledge of inflows at top institutions. That's when 11 of the biggest American banks banded together to inject $30 billion into First Republic, essentially returning some of the deposits they'd gained recently. "The people who panicked got out right away," said the pers...

The Starling Bank app displayed on a person's phone. Adrian Dennis | AFP via Getty Images LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to lure cash-strapped savers after the Bank of England increased its benchmark interest rate for a ninth time in a year. After the new rate rise was announced Thursday, Starling Bank and Chase U.K., the U.K. challenger brand from American banking giant JPMorgan , took steps to capitalize on the move. Chase U.K. said it would increase the variable AER, or annual equivalent rate, on its saver account to 2.7% from 2.1% effective Jan. 4, 2023. On Thursday, Starling rolled out its first savings product, a fixed-term deposit account offering a guaranteed return of 3.25% after one year on balances of between £2,000 ($2,439) to £1 million. "We've re-entered the era where banks use better savings rates to acquire customers," Simon Taylor, head of strategy at fintech startup Sardine.ai...