Inside these posts: Bank deposits

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Discover to buy Allstate bank deposits

Allstate Corp.  and Discover Financial Services said they had entered an agreement in which Discover will buy substantially all of Allstate’s bank deposits.

The companies called the deal a “multiyear distribution and marketing agreement.” As part of the agreement, Allstate agents and affiliates will offer personal savings and money-market accounts as well as other financial services to their customers through Discover. Get the full story »

Chase to stop issuing new debit rewards cards

Chase plans to stop issuing new debit rewards cards in February. An executive from the bank disclosed the plans Thursday at a banking event.

A Chase spokesman said Friday that the bank is still reviewing the program for existing debit reward customers. Get the full story »

Banks deposits fall for first time in 2 decades

It appears that consumers have had enough with the low interest rates paid by banks. Bank deposits are shrinking for the first time in two decades, a new analysis shows. Get the full story »