2021-02-19
Citigroup told employees in Texas they could take shelter in the firm’s offices as the state grapples with the effects of a snow and ice storm earlier this week.
Read More from: BankThink
2021-02-19
he Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.
Read More from: BankThink
2021-02-19
A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption.
Read More from: BankThink
2021-02-19
Joseph Lajoie has succeeded Pamela Mello, who stepped down last month after more than five years in charge.
Read More from: BankThink
2021-02-19
Brex currently relies on bank partners to offer credit cards and cash management accounts to small and midsize businesses. It is looking to charter its own FDIC-insured institution to be a direct provider.
Read More from: BankThink
2021-02-19
Community development financial institutions would reach even more underserved households and business if they had strong relationships with tech firms and national banks.
Read More from: BankThink
2021-02-19
The Treasury secretary says the economic crisis warrants the $1.9 trillion spending plan; Brainard says banks and other lenders need to prepare for events like the crisis in Texas.
Read More from: BankThink
2021-02-19
Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud.
Read More from: BankThink
2021-02-19
A collective sigh of relief could be heard from recording offices, title companies, and lenders across the state of Indiana as House Enrolled Act 1056 (HEA 1056) was signed into law at record speed.
Read More from: Krieg DeVault
2021-02-18
Unsecured personal lending has fallen as many consumers have stashed away cash and paid down credit card balances during the pandemic. The trend probably won’t reverse course anytime soon.
Read More from: BankThink
2021-02-18
Todd Harper, chairman of the National Credit Union Administration, said new assessments are likely needed because of an influx of deposits, but industry groups and other board members say the agency should wait to see if the reserve ratio recovers
Read More from: BankThink
2021-02-18
The company has agreed to pay $32 million for a bank with six branches and $256 million of assets.
Read More from: BankThink
2021-02-18
The automated investing tool is part of Goldman Sachs's effort to be a full-service digital bank and to help partners like Apple and Stripe offer financial products, according to Stephanie Cohen, global co-head of consumer and wealth management.
Read More from: BankThink
2021-02-18
Federal Reserve Gov. Lael Brainard said "scenario analysis" is distinct from traditional regulatory tools to assess capital strength, but can measure the long-term impact of weather events and the transition to a greener economy.
Read More from: BankThink
2021-02-18
This article originally appeared on Forbes on February 16, 2021 the article can be found at:
Read More from: Shenwick & Associates
2021-02-18
The Madison, Wis.-based credit union will donate $1.5 million to a pair of United Way chapters in the region which will help distribute the funds to organizations serving communities of color.
Read More from: BankThink
2021-02-18
A survey commissioned by Bank of America found that Black entrepreneurs are more hopeful about revenue opportunities than other small-business owners, though many are still struggling to bring in the capital needed to expand.
Read More from: BankThink