Browsing: Bank

Key insight: The Council of Economic Advisers said its model shows a stablecoin yield ban would increase bank lending by $2.1 billion — a mere 0.02%…

By Curtis Heinzl (Bloomberg) — Canada pitched expanding its financial services presence in the Chinese market as the northern nation aims to increase exports to its…

The RBA monetary policy board lifted the cash rate by 25 basis points to 4.10% on 17 March, and CommBank has since vowed to pass the…

Key insight: The action, which comes as fraud against consumers continues to rise, marks the FCC’s latest effort to crack down on illegal robocalls.Supporting data: In…

Key insight: Hope Bancorp in Los Angeles expects to further its strategy of serving Asian-American entrepreneurs with the acquisition of the Japanese bank’s U.S. commercial banking…

Key insight: U.S. Bank is extending the maximum terms on its home-improvement loans to six or seven years, up from five years previously.What’s at stake: After…

Citi’s top executives are weighing buying another bank, a move long considered inconceivable, as the firm wraps up years of work to address regulators’ criticisms.Processing ContentSenior…

Key insight: The Office of the Comptroller of the Currency granted VALT conditional approval for its national trust charter application just as the agency is encouraging…

Key insight: Fintech entrepreneur Brian Barnes, who bought B2 Bank in 2021, is bringing in a new senior leadership team to pursue a national digital banking…

Key insight: The $6.9 billion-asset Cambridge Savings Bank is ready to buy a nearby rival if it spots the right opportunity.Supporting data: Cambridge grew its equity…