Rural banks with assets between $100 million and $199.9 million and metropolitan banks with assets between $50 million and $99.9 million report the lowest advertising costs on a per-account basis in 1992. Asset size in millions Less than $50- $100- $200 Headquarters $50 $99.9 $199.9 and over Average Rural area $3.00 $3.15 $2.03 - $2.99Small city 3.39 3.58 3.63 $3.10 3.49Midsize city 3.19 6.11 4.53 5.18 4.48Larger city 7.12 7.84 6.63 3.59 4.66Metropolitan 4.19 2.33 5.93 6.97 6.31Average 3.18 3.70 4.35 4.94 4.13
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The bank is launching KeyVAM, a virtual account management offering it designed with fintech Qolo. Both companies said the nature of the relationship was as important as the technology it produced.
2h ago -
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
5h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27