by Ken Chase | Jun 22, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes As many analysts predicted, the U.S. Federal Reserve ramped up its efforts to rein in persistently high inflation by increasing its benchmark interest rate by 75 basis points on Wednesday, the largest increase in nearly...
by Ken Chase | Jun 22, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes Ontario-based Canadian bank VersaBank has announced its bid to purchase a single U.S. bank branch in Holdingford, Minnesota for $13.5 million. If the offer is approved by U.S. and Canadian regulatory authorities, the...
by Ken Chase | Jun 13, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The Senate Banking Committee voted 17-7 on Wednesday afternoon to approve President Joe Biden’s nomination of Michael Barr to serve as the vice chair of banking supervision at the Federal Reserve. The bipartisan vote...
by Ken Chase | Jun 6, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes In a press release this week, Capital One Financial Corp. unveiled its new enterprise B2B software company, Capital One Software. The new business represents Capital One’s official entry into the enterprise software...
by Ken Chase | Jun 6, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes Senate Banking Committee Chair Sherrod Brown this week urged Wells Fargo CEO Charles Scharf to make real progress in fixing the bank’s hiring practices, risk management, governance, and other long-standing issues. In a...
by Ken Chase | Jun 3, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes J.D. Power has released several studies that show that customer satisfaction with banking and credit card digital services has declined, even as demand for those services has steadily increased. In a press release...
