Old Kent Financial Corp. said Friday that it
The purchase of the company-parent of Community First Bank-brings $17
The deal, valued at $242 million, was announced Feb. 24.
Old Kent also said its recently announced 3 million-share buyback
Old Kent Financial Corp. said Friday that it
The purchase of the company-parent of Community First Bank-brings $17
The deal, valued at $242 million, was announced Feb. 24.
Old Kent also said its recently announced 3 million-share buyback
Federal Reserve Governor Lisa D. Cook highlighted concerns over private credit growth, commercial real estate distress, and escalating cyber threats in remarks on financial stability at the Brookings Institution Wednesday.
Consumer debt aggregators such as Method, Payitoff, Spinwheel and Tally are partnering with financial institutions to embed solutions that aggregate account information and devise ways to optimize repayment — including with low-interest offers from the bank itself.
Federal Deposit Insurance Corp. Chair Martin Gruenberg will testify next week in Congress. Those hearings — which will come after the publication of a bombshell report detailing widespread misconduct at the agency — could signal whether he has a future at the FDIC.
Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders' profits could moderate.
National Australia Bank is adding a Pay By Bank option for near-instant payments, Italy is bringing open-loop payments to buses in Tuscany, and more.
DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.