January 10, 2024
Via: JD SupraThe Corporate Transparency Act (the “CTA”) is a new federal law enacted in 2021 to combat money laundering, terrorism, tax fraud and other illegal activities. Starting January 1, 2024, the CTA will require a substantial number of business entities to […]
January 5, 2024
Via: FinTech FuturesThe agreement will see the bank adopt its partner’s ATM-as-a-Service and ITM-as-a-Service offerings as a means to simplify access to financial services for the consumers and businesses it has been serving across Kansas City, USA, for the last 90 years. […]
January 5, 2024
Via: JD SupraAmerican Bankers Association, America’s Credit Unions, and Independent Community Bankers of America wrote a letter to CFPB Director Rohit Chopra to address their concerns that the CFPB’s proposal for rulemaking on non-sufficient funds (NSF) and overdraft fees triggers the statutorily […]
January 4, 2024
Via: YahooThe most recent trading session ended with U.S. Bancorp (USB) standing at $43.21, reflecting a +1.08% shift from the previouse trading day’s closing. The stock’s performance was ahead of the S&P 500’s daily loss of 0.34%. Meanwhile, the Dow gained […]
January 4, 2024
Via: YahooU.S. Bank recently honored two small business clients for their extraordinary commitment to their communities with the bank’s first-ever Boundless Potential award. Taqueria Durango, a Mexican restaurant in St. Louis, and Interfaith Dental, a nonprofit dental clinic in Nashville, were […]
January 3, 2024
Via: JD SupraThe past year has been broadly characterized as one of limited public market activity and rising interest rates putting a dampener on access to capital. For the oil & gas industry, the volume of debt & equity offerings remained at […]
January 3, 2024
Via: JD SupraOn November 15, 2023, the U.S. Tax Court held in YA Global Investments v. Commissioner that a non-U.S. private equity fund (YA Global) with a U.S. asset manager that bought equity and convertible debt of U.S. portfolio companies was engaged […]
January 2, 2024
Via: FinTech FuturesNews of the sale first broke in May 2021, with HSBC reportedly having paid more than €1 billion for New York-based private equity firm Cerberus Capital Management to take its loss-making French branches off its hands. As of 1 January […]
January 2, 2024
Via: TechBullionThe world of cryptocurrency is in a constant state of flux, with the appeal and market value of various digital currencies undergoing frequent fluctuations. As we approach 2024, many investors are grappling with the question of which cryptocurrency holds the […]
November 17, 2023
Via: FinTech FuturesI’ve previously covered the evolution of banking technology and why almost every bank has multiple cores. So, analogies of “changing a plane’s engine whilst in flight” or “heart surgery with the patient watching” don’t really get across the full complexity […]
November 17, 2023
Via: Payments DiveBank of America attributes the rise in small business credit card balances in part to increased spending in 2021 and the first half of 2022. The report focused on small businesses noted that credit card spending has remained at about […]
October 10, 2023
Via: Bank DirectorWe recently asked bankers in our “State of Commercial Banking Midyear Update” presentation what was top of mind for the remainder of 2023. The answer was clear: 80% of the respondents selected deposit growth and retention. As interest rates have […]
October 10, 2023
Via: FinTech FuturesThis year there are 38 categories to choose from, including the Project Awards for banks and financial institutions, the Excellence in Tech Awards for software and services providers and the Leadership Awards for individuals and teams. The awards are a […]
October 9, 2023
Via: Bank DirectorChatGPT’s tsunami-like landfall in November 2022 made clear that generative artificial intelligence (AI) marked a profound advancement with broad applicability. Yet just as AI’s newest incarnation represents a major opportunity for businesses of all stripes, it’s also a potentially significant […]
October 9, 2023
Via: FinTech FuturesHowever, I feel it’s worth exploring whether the concept of digital transformation is redundant in the fast-paced and ever-evolving landscapes that we currently operate in. Below are some of the reasons why some could argue that digital transformation is an […]
September 29, 2023
Via: YahooU.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, and its community development entity (CDE) – USBCDE, LLC – received $55 million of New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury. The allocation is part of […]
Activity, Channels, Corporate Banking
September 21, 2023
Via: YahooU.S. Bank today unveiled an online marketplace of third-party payment and treasury solutions that are fully integrated with U.S. Bank systems. The U.S. Bank Connected Partnership Network helps corporate treasury teams easily identify and adopt technology connected with the bank, […]
Activity, Capital and Risk, Corporate Banking, Credit
September 20, 2023
Via: Bank DirectorCommunity banks have long played a pivotal role in supporting small businesses, providing the necessary capital for local entrepreneurs growing or expanding their ventures. It is estimated that community banks account for approximately 60% of small business loans, according to […]
September 18, 2023
Via: DailyFXThe Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday and Friday respectively – with both central banks expected to leave interest rates untouched. Both decisions however have […]
September 15, 2023
Via: DailyFXGBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]