2020-05-12
The prepaid card issuer will rely less on promotional marketing and more on its banking charter to drive profits, Henry said in his first public remarks since taking over as CEO in March.
Read More from: BankThink
2020-05-12
As the coronavirus shutdowns continue to strain companies across the U.S., many small businesses are now facing a tough decision: whether or not to file for bankruptcy.
Read More from: Shenwick & Associates
2020-05-12
The regional bank’s $240 million investment from 1995 is now worth $17 billion, which it could use to fund acquisitions; the debt deal will count towards the German bank’s capital buffers.
Read More from: BankThink
2020-05-12
Yes, all classes have been online, though lots were before
Read More from: Discharge Student Loan
2020-05-11
The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.
Read More from: BankThink
2020-05-11
Lawmakers are pushing for better data on who's receiving loans in hopes that more funds will be directed to lenders that serve women- and minority-owned businesses.
Read More from: BankThink
2020-05-11
The Pittsburgh company has owned a 22% position in the money manager since 1995.
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2020-05-11
The agency will allow institutions providing 500 or fewer transfers a year to estimate costs in consumer disclosures rather than quote exact figures.
Read More from: BankThink
2020-05-11
Financial institutions are looking for a way to return some employees to their workplaces while prioritizing safety. The answer may involve contact tracing technology and the automation of a wide range of activities.
Read More from: BankThink
2020-05-11
Banks could end up holding many low-rate Paycheck Protection Program loans on their books for two years, and dealing with irate borrowers who failed to meet federal requirements for forgiveness.
Read More from: BankThink
2020-05-11
Restaurants have become the economic lifeblood for many cities. The coronavirus threatens to take away more than just delicious food.
The change in Botanical Heights started with a single restaurant.
Read More from: Shenwick & Associates
2020-05-11
The group that worked with the Fed to devise an alternative rate to Libor rejects criticism that the index favors megabanks.
Read More from: BankThink
2020-05-11
In a still male-dominated industry, does the network help attract and keep more women at the firm? CEO Shirl Penney says yes and has the results to prove it.
Read More from: BankThink
2020-05-11
In announcing its plan to offer a deposit account and debit card in partnership with SoFi, the mobile phone maker suggested that the coronavirus pandemic will accelerate consumers’ adoption of contactless payments.
Read More from: BankThink
2020-05-11
The agency’s IG says the PPP failed to prioritize borrowers in underserved and rural markets; the firms, which lack deposits to cushion them, are vulnerable to borrowers defaulting on their loans.
Read More from: BankThink