by Ken Chase | Jan 26, 2023 | Banks, News
Estimated reading time: 3 minutes A new alert issued by the Financial Crimes Enforcement Network calls on financial institutions to be on the lookout for any attempts by sanctioned Russian elites to use commercial real estate investments to evade U.S. sanctions....
by Ken Chase | Jan 26, 2023 | Banks, News
With Apple continuing its efforts to expand its operations into consumer banking services, several of the largest U.S. banks have reportedly come together to introduce a new digital wallet customers will be able to use for online shopping. Seven banks are involved in...
by Ken Chase | Jan 26, 2023 | Banks, Financial
Several of the largest banks in the United States are under increasing pressure to eliminate financing for so-called “fossil fuel” projects, according to a new report from Bloomberg. A recent statement from the Interfaith Center on Corporate Responsibility demands...
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase Estimated reading time: 2 minutes Last week, Federal Reserve Chairman Jerome Powell delivered remarks during an appearance at the Symposium on Central Bank Independence hosted by Sweden’s central bank. In addition to comments focused on monetary policy...
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase Estimated reading time: 2 minutes In a recent comment letter from the Independent Community Bankers of America (ICBA), the trade group called on the U.S. Small Business Administration (SBA) to abandon plans to allow more nonbank entities to participate...
by Ken Chase | Jan 17, 2023 | Banks, News
By: Ken Chase Estimated reading time: 2 minutes A recent announcement by the U.S. Department of Justice confirmed that City National Bank will -pay more than $31 million to settle DOJ accusations that it unlawfully discriminated against black and Latino borrowers in...
