Bank profits drop amid competition for depositors
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 18 January 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Banks are paying more to keep deposit accounts; Humana reports higher costs, plans premium increases; unemployment claims for to 16-month low; single-family home construction declined in December.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Bank profits drop amid competition for depositors. I'm Nova Safo with a marketplace minute. |
| 0:08.0 | Higher interest rates have banks paying more for deposit accounts to keep customers from fleeing. That was a big reason |
| 0:14.5 | Discover Financial today reported a 62% plunge in quarterly earnings profit at |
| 0:19.9 | Ohio-based bank Key, declined more than 90%. |
| 0:24.6 | Costs were higher than expected in the last three months of the year for health insurer |
| 0:27.9 | Humana. |
| 0:29.1 | It saw higher demand for medical procedures among older patients. United Health last week reported a similar |
| 0:34.7 | trend. Humana said it will raise Medicare Advantage premiums next year. |
| 0:40.0 | Initial claims for unemployment benefits hit a 16 months low last week down to 187,000. |
| 0:45.7 | Continuing claims declined to just over 1.8 million. |
| 0:49.2 | Rainy weather helped push down new construction of single family homes by 8.5% last month according to the Commerce Department. |
| 0:56.4 | Permits for future construction of single family homes increased more than 1.5%. |
| 1:01.6 | I'm Novosafo with a Marketplace Minute. |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.