2021-03-29
Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system.
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Read More from: BankThink
2021-03-29
Peoples Bancorp will pay $292 million for the West Virginia company. It also announced it's buying a leasing company in Vermont.
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2021-03-29
The economy is poised to rebound, meaning loan demand and hiring will pick up, some observers say.
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2021-03-29
Stock repurchases could triple in the second half, assuming banks pass their stress tests; markets around the world are booming, but regulators are reluctant to raise interest rates to cool them off.
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2021-03-26
The Texas-based institution is the third credit union to be taken over by regulators this year.
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2021-03-26
Six years after unloading its bank unit, the tax preparation chain wants to diversify by launching a digital account targeting low- and moderate-income households. How will it differentiate itself from upstarts like Chime, Varo and Green Dot?
Read More from: BankThink
2021-03-26
Mehrsa Baradaran, a University of California, Irvine, professor and former banking lawyer, has worked hard to close the racial wealth gap and could further such goals as head of the Office of the Comptroller of the Currency, wrote 34 caucus member
Read More from: BankThink
2021-03-26
The 30-day extension comes after the American Bankers Association requested additional time to consider the rule's impact.
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2021-03-26
Social Security Disability Insurance (SSDI) benefits are federally funded benefits available to individuals and certain family members if the claimant worked long enough and is suffering from a medical condition that prevents them from working for
Read More from: Young, Marr & Associates
2021-03-26
A federal watchdog agency determined that Almena State Bank's push into government-backed loans, supported with high-cost wholesale funding, set it up for collapse when significant credit issues arose.
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2021-03-26
Exploring whether PPP runoff will expose revenue weakness at banks; Citi, BNY Mellon earn top grades for transparency on how they pay women and employees of color; three new candidates emerge to head OCC; and more from this week's most-read storie
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2021-03-26
The Colorado credit union has pledged to match at least $50,000 in donations to a local foundation assisting with the community's recovery following a mass shooting at a grocery store that left 10 people dead.
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2021-03-26
The heads of the Federal Reserve and Treasury are urging passage of legislation that would replace Libor with the Secured Overnight Financing Rate in certain contracts.
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2021-03-26
Credit unions were already transforming their home loan operations before COVID-19, but many of the adjustments made as a result of the outbreak are likely to become permanent.
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2021-03-26
By purchasing additional assets and securities, the Federal Reserve provided the financial markets with enough liquidity to weather the pandemic recession.
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2021-03-26
JPMorgan Chase said it plans to hire 300 additional Black and Latinx wealth advisers by 2025 to serve more clients from those communities and allow employees from diverse backgrounds to advance in their careers.
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2021-03-26
Matthew Gehman will take the helm at the Lancaster, Pa., institution on April 1, succeeding W. Kent Hartzler, who has been CEO since 2007.
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2021-03-26
On March 25, 2021, Greensill Capital Inc.
Read More from: Bankruptcy and Restructuring Law Monitor
2021-03-26
On March 25, 2021, Greensill Capital Inc.
Read More from: Cole Schotz P.C. Bankruptcy & Restructuring Law Blog