Banking Turmoil

Online Banks Are Winning the Deposit War

Deposits rose quarter over quarter at Ally, Goldman Sachs’s Marcus and Capital One

Deposits were up at Capital One, which has far fewer branches than the other big regional banks. Photo: andrew caballero-reynolds/Agence France-Presse/Getty Images

Online banks have managed to pull off what has become a tall order in 2023: They brought in more deposits than they lost. 

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