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Activity, Insurance

Federal Flood Insurance Premiums Could Rise in Flood-Prone Areas Under Trump Plan

March 12, 2019

Via: Insurance Journal

Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is calculated under the National Flood Insurance Program. […]


Activity, Corporate banking

Wells Fargo Details Plan to Rebuild and Transform

March 12, 2019

Via: ABF Journal

Wells Fargo provided an update on the progress the company has made and is making as part of its transformation to build a better, stronger company in a new progress report available on its website. “While we have more work […]


Activity, Investment banking, Products, Retail banking

Investing app Stash launches debit rewards in an effort to attract more banking customers

March 12, 2019

Via: Market Watch

Stash doesn’t want to just invest your spare change — it also wants to keep the rest of your money in a bank account. And the company is set to reward you for doing so. The investing app is officially […]


Capital and risk, Macroeconomic

US retail sales edge up in January, but December is revised sharply lower

March 11, 2019

Via: CNBC

U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought. The report from the Commerce Department on Monday is welcome news […]


Activity, Trading

Deutsche Bank and Commerzbank shares rally on merger talk

March 11, 2019

Via: CNBC

Shares of Deutsche Bank and Commerzbank surged Monday after reports that the two have agreed to hold merger talks. Several media reports over the weekend suggested Deutsche Bank CEO Christian Sewing had dropped his opposition to the deal. Sewing was […]


Regulations

How New Court Decision Could Change Bank M&A

March 11, 2019

Via: Bank Director

A recent decision by the Delaware Supreme Court relating to a merger between two pharmaceutical companies that was terminated before closing could have implications on bank mergers and acquisitions. On Dec. 7, 2018, the Delaware Supreme Court affirmed the lower […]


Business banking, Products

Deutsche Bank and Commerzbank’s CEOs are reportedly resuming talks over a potential merger

March 8, 2019

Via: CNBC

Deutsche Bank and Commerzbank’s chief executives have resumed talks over a potential merger of Germany’s two biggest lenders, Focus magazine reported on Friday, citing people familiar with the matter. Deutsche Bank and Commerzbank declined to comment. Deutsche Bank shares were […]


Capital and risk, Macroeconomic

156,949,000: Number of Employed Americans Sets 18th Record of Trump Era

March 8, 2019

Via: CNSNews.com

The economy added a meager 20,000 jobs in February, well below the 180,000 that analysts were expecting, and among the lowest job-creation numbers of the Trump administration. But the number of employed Americans — 156,949,000 — has never been higher. […]


Capital and risk, Credit

JPMorgan Chase Agents $125MM ABL Facility for CSS Industries

March 8, 2019

Via: ABF Journal

CSS Industries, a consumer products company serving the craft, gift and seasonal markets, entered into a new $125 million asset-based senior secured credit facility with JPMorgan Chase Bank acting as administrative agent. Bank of America and KeyBank also participated in […]


Capital and risk, Liquidity

Treasurys rally, yields slip, as ECB downgrades 2019 growth forecast, rolls out stimulus

March 7, 2019

Via: Market Watch

Treasury yields fell Thursday, along with its European peers, after the European Central Bank launched fresh stimulus measures, said it was unlikely to increase rates through the end of 2019 and downgraded its forecast for economic growth. The 10-year Treasury […]