Sen. Marshall: My Goal is to Balance the Budget, ‘Would Be a 10-Year Process’

June 9, 2021

Although President Biden’s budget proposal would create $14.5 trillion in federal deficits over the next 10 years, Sen. Roger Marshall (R-Kansas) said his goal is to balance the budget and that it could be done within 10 years. At the […]

Fraudsters Take Advantage of Vulnerable Online Daters During Covid-19

June 2, 2021

There was a 20% increase in bank transfer fraud linked to romance scams in 2020 compared to 2019. National lockdowns exacerbated loneliness, and people turned to dating apps for companionship and connection – particularly singletons who lived alone. Unfortunately, fraudsters […]

Senators, bank CEOs spar on Capitol Hill over compensation, voting rights

May 27, 2021

Category: Regulations

For the first time since 2019, a panel of the nation’s most powerful bank CEOs testified at a congressional hearing Wednesday. The virtual hearing started off with the CEOs of the nation’s six largest banks touting their pro-social efforts to […]

Activity, Channels, Retail Banking

U.S. Bank Survey: COVID-19 Accelerated Virtual Care, Healthcare Payments Digitization

June 10, 2021

Via: Yahoo

The COVID-19 pandemic had a significant impact on how consumers received and paid for their visits to hospitals, clinics, urgent care centers and doctor’s offices in 2020, a new survey from U.S. Bank revealed. The key findings: Virtual care and […]

Activity, Channels, Corporate Banking

AmEx, Synchrony bid to wrest Amazon card portfolio from JPMorgan Chase

June 9, 2021

Via: Banking Dive

American Express and Synchrony are among the bidders looking to replace JPMorgan Chase as the issuer of Amazon’s co-branded credit card, Bloomberg and Reuters reported Tuesday. JPMorgan could get a 15% premium on top of the balance — which is […]

Capital and Risk, Trading

10 Best Stocks to Buy According to Warren Buffett

June 8, 2021

Via: Yahoo

Warren Buffett is an American business tycoon, philanthropist, and one of the greatest investors of all time. As of June 2021, he has a net worth of over $109 billion. Buffett runs Berkshire Hathaway, which owns more than 60 companies. […]