Browsing: Bank

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…

Mergers & acrimonySome mergers work. Two companies become one, and the one is stronger in all respects. Some mergers don’t work. Two companies become one, but…

Processing ContentKey insight: Banking experts say deputizing banks in immigration enforcement would have caused mass exodus of customers.Supporting data: Treasury lowered reporting thresholds to $200 in…