Insights into Starbucks Holding $1.8 Billion in Customer Deposits

Tuesday, 28 May 2024, 12:59

Starbucks has quietly established a significant foothold in the banking industry by holding customer deposits exceeding $1.8 billion through its cards. The revelation from the Q2 2024 earnings report sheds light on the coffee giant's financial position and strategic diversification into the financial sector.
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Insights into Starbucks Holding $1.8 Billion in Customer Deposits

Insights: Starbucks' Banking foray

Starbucks has made a strategic move into the banking sector by amassing over $1.8 billion in customer deposits through its cards, as indicated in the Q2 2024 earnings report.

Key Details:

  • Amount Held: Starbucks holds $1.872 billion in customer deposits.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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