Tag: Featured

Products, Retail banking

The 30 Best Banks of 2018

December 12, 2017

Via: GOBankingRates

Choosing the best bank to bank with is all about finding the one that can do the most for your money — on your terms. If building your savings is a top priority, then finding accounts with high yields is […]

Activity, Trading

Gold churns at 5-month lows ahead of expected Fed rate hike

December 12, 2017

Via: Market Watch

Gold prices wavered again on Tuesday, holding ground at a more than five-month low in cautious trading ahead of the Wednesday Federal Reserve decision on interest rates and hints on the course for policy in 2018. Gold slipped even as […]

Capital and risk, Macroeconomic

America’s Shampoo Economy

December 11, 2017

Via: The New York Times

I recently gave an update on America’s economic policy, such as it is, to a group of bankers. I expected a great deal of interest in the Republican tax plan, but instead, they wanted to talk about how costly it […]

Activity, Trading

Bitcoin traders ought to know these three support levels

December 11, 2017

Via: Market Watch

Regardless of what I think about the underlying instrument, bitcoin became “official” over the weekend as its futures are now being traded on a regulated exchange. Because of that, and given widespread interest, it deserves our attention — at least […]

Activity, Trading

Bull Market Heading for Major Correction in 2018, Bank of America Says

December 6, 2017

Via: TheStreet

Bank of America Corp. (BAC) says signs are growing that the eight-year-old bull market in stocks and risky assets could soon come to an end. And, as with all late-stage bull markets, the trick for investors is in getting the […]

Activity, Corporate banking

Independent Bank to Acquire Traverse City State Bank

December 5, 2017

Via: ABF Journal

Independent Bank signed a definitive merger agreement to acquire TCSB Bancorp, the parent company of Traverse City State Bank. Both boards of directors unanimously approved the agreement. Under the merger terms, TCSB shareholders will receive 1.1166 shares of IBCP common […]

Activity, Insurance

USI Completes Acquisition of Wells Fargo Commercial Insurance Business

December 4, 2017

Via: Insurance Journal

USI Insurance Services announced the closing on its acquisition of Wells Fargo Insurance Services USA (WFIS), formerly part of Wells Fargo & Co. This purchase includes the commercial insurance brokerage and consulting, employee benefits and property/casualty insurance national practices of […]

Activity, Trading

CBOE beats rival CME to punch for bitcoin futures trading

December 4, 2017

Via: Finextra

Monday, December 11, will be the first full day of trading, and trading will be free[1] through December. Cboe’s bitcoin futures will trade on CFE under the ticker symbol ‘XBT.’ XBTSM futures are cash-settled contracts based on Gemini’s auction price […]

Capital and risk, Credit

This Is the Most Popular Type of Credit Card Among Americans

November 29, 2017

Via: GOBankingRates

Nearly 200 million Americans have credit cards, according to Statistic Brain Research Institute. How people use them and what kinds of cards they use vary, however. GOBankingRates surveyed more than 2,000 Americans about their credit card behaviors and preferences, asking […]

Capital and risk, Liquidity

Dollar extends gains as Powell confirmation gets on under way

November 28, 2017

Via: Market Watch

The U.S. dollar added to previous gains against its major rivals on Tuesday, as traders braced for remarks from Jerome Powell, the Federal Reserve official nominated to take the baton from Chairwoman Janet Yellen when her term ends in February. […]