2021-01-07
The bank’s stock price hit its first record close in three years on the prospect of higher interest rates; the yield on the 10-year Treasury note rose above 1% for the first time since March.
Read More from: BankThink
2021-01-07
Now that Democrats have won control of the Senate following the Georgia runoffs, experts say tax increases, progressive regulators and stricter congressional oversight await. Still, there could be some positives for banks, too.
Read More from: BankThink
2021-01-06
American Express has spent years refining a decision-making engine that can tailor products and services to cardholders' needs in real time.
Read More from: BankThink
2021-01-06
U.S. Bancorp says its agreement to buy a portfolio with $320 billion of assets under management will raise its profile on the West Coast. The MUFG unit plans to reinvest proceeds from the sale in other priorities.
Read More from: BankThink
2021-01-06
The company, which reported a large third-quarter loss in October, plans to sell or shutter a quarter of its locations.
Read More from: BankThink
2021-01-06
JPMorgan Chase's Jamie Dimon and Citi's Michael Corbat condemned the actions of Trump supporters who stormed the halls of Congress Wednesday.
Read More from: BankThink
2021-01-06
Police directed the institution to shut down four branches Wednesday as armed Trump supporters forced their way into the Capitol, and two facilities were on lockdown for several hours during the day.
Read More from: BankThink
2021-01-06
HoldCo Asset Management wants more details about the banking company’s pending merger with SVB Financial. The shareholder's concerns center on payouts to the seller's management team and questions about the sale process.
Read More from: BankThink
2021-01-06
The combined institution will hold roughly $30 million in assets and serve about 4,000 members.
Read More from: BankThink
2021-01-06
Well—Finally 2020 is hind sight!! And hind sight is 2020! (or so they say) But 2020 has another “visual” meaning—Someone with 20/20 vision has “perfect” eye sight—clear vision.
Read More from: Bonds & Botes, P.C.
2021-01-06
Acting Comptroller of the Currency Brian Brooks pushed back on a recommendation from a task force — appointed by Consumer Financial Protection Bureau — suggesting that Congress should give the CFPB the authority to charter and regulate fintechs.
Read More from: BankThink
2021-01-06
The Office of the Comptroller of the Currency’s proposal to ensure banking services are available to polarizing businesses contradicts long-standing guidance on managing reputational risk, big banks argue.
Read More from: BankThink
2021-01-06
The multifamily lender named Michael Levine as board chairman, succeeding Dominick Ciampa, who held the role for 10 years. The move comes less than a week after longtime CEO Joseph Ficalora abruptly retired and was replaced by Thomas Cangemi.
Read More from: BankThink
2021-01-06
As Covid-19 forced lockdowns across the nation, unemployment skyrocketed, and many industries screeched to a halt as the Gross Domestic Product fell by more than 30 percent in the second quarter of 2020.
Read More from: Young, Marr & Associates
2021-01-06
The short answer to this question is yes. Any individual can file a bankruptcy case on their own, even if they are married.
Read More from: Young, Marr & Associates
2021-01-06
The timing of when a bankruptcy case might be the best option can vary depending on your circumstances, as well as intentions with your home.
Read More from: Young, Marr & Associates
2021-01-06
The third edition of my Corporate Finance textbook is out and available for use in the Spring Semester.
Read More from: Credit Slips