Visbanking Bank Information
FDIC Issues New Draft Guidance for Bank Merger Scrutiny
This week, the Federal Deposit Insurance Corporation issued draft guidance that would increase bank merger scrutiny. According to Reuters, the proposed guidance would be the first change to the FDIC’s merger principles in 16 years. The regulators’ board of directors approved the proposal’s issuance in a vote on Thursday. Why the FDIC believes increased bank […]
Powell: Growing Fed Confidence for Rate Cuts
On Thursday, Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee. During that testimony, he suggested that the central bank is becoming more confident that the nation’s inflation rate is moving in the right direction. If that trend continues, he said that the Fed could implement interest rate cuts sometime this year. Timing […]
Capital One Announces $35B Megamerger with Discover
Capital One recently confirmed its intent to purchase Discover Financial for $35.3 billion. Regulators will still need to approve the megamerger before the sale can proceed. If that approval happens, Capital One would become the nation’s largest credit card issuer, with $250 billion in card balances. Megamerger details According to media reports, the all-stock acquisition […]
Banking Groups Sue to Block New CRA Rules
A group of industry organizations have filed suit to block regulators’ new Community Reinvestment Act rules. According to the plaintiffs in the case, regulators are exceeding their authority with the proposed rules. Additionally, the plaintiffs argue that the new CRA rules conflict with the statutory language of the CRA. The plaintiff groups include the U.S. […]
Fed Signals No Imminent Rate Cuts Ahead
Despite market expectations for imminent rate cuts, the Federal Reserve today confirmed its intent to leave interest rates at their current level. That marks the fourth straight pause on those rates, as inflation has continued to plague American consumers. Inflation remains too high for the Fed’s liking The Federal Reserve has long committed to maintaining […]
NYC Sues FDIC for Overdue Signature Bank Taxes
New York City is suing the Federal Deposit Insurance Corporation (FDIC) over $44 million in overdue taxes Signature Bank taxes. According to Bloomberg, the suit was filed in a Manhattan federal court on Monday. The suit targets the FDIC in its role as the failed bank’s designated receiver. The overdue Signature Bank taxes The lawsuit […]
Navigating the Future: Decoding Financial Trends with VISBANKING Data Analytics
Understanding Financial Trends: VISBANKING Data Analytics In today’s rapidly evolving financial landscape, staying ahead is not just an advantage; it’s a necessity. For businesses and individuals alike, having a clear understanding of financial trends is crucial for making informed decisions. This is where VISBANKING and its powerful data analytics come into play, offering a unique […]
Why does bank data matter more than you think?
Banks are like a goldmine of data. Every transaction, every customer interaction, and every financial report is another nugget of information waiting to be utilized. Why does this matter? 1. Data fuels decision making: In the world of banking, data-driven insights can lead to improved services, reduced costs, and more efficient operations. By understanding customer […]
Green Financing Earnings Outpaced Traditional Energy Financing in 2023
According to Bloomberg, large lenders earned roughly $3 billion from financing so-called “green” projects last year. Meanwhile, lenders reportedly made less than $2.7 billion from the financing of energy projects involving gas and oil. That marks the second consecutive year in which the globe’s largest banks earned more from green financing than traditional energy deals. […]
How can data science transform the banking industry?
In the era of Big Data, banks sit on a goldmine of customer-related information. Harvesting this data intelligently can result in enhanced services and better risk management. Here’s how: 1. Personalized customer experience –With the help of machine learning and AI, banks can draw on data to create hyper-personalized experiences for customers. Imagine if your […]