In the U.S. bank finance index, M&T Bank (MTB) edged 0.8% higher, supported by increased deposit inflows amid competitive savings rates. Analysts caution that tighter lending standards could slow credit growth next quarter. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) However, this relationship isn’t always direct. Banks may adjust their rates based on a variety of factors, including their own financial objectives, efforts to attract new customers, and broader market conditions. The bank finance industry is witnessing a rotation into large-cap institutions, with Bank of America (BAC) gaining 0.9% after releasing data showing a 4% rise in mortgage originations. Market sentiment remains cautiously bullish ahead of CPI data.