Independent Financial Marketing Group Inc. to provide annuity products and
Independent Financial, which is based in Purchase, N.Y., is supplying
The deal, which took effect Aug. 1, will also for the first time add
Christopher O'Gorman, president and chief executive officer of Republic
In addition, Independent Financial's training and marketing support
Republic Financial Services has sold annuities provided by New
Net charge-offs at the Charlotte-based bank increased by more than 80% from the same period a year earlier. BofA executives said that the rising losses were in line with the bank's risk appetite.
The Federal Reserve chair's comments coincide with the spring meeting of the International Monetary Fund and the World Bank Group in Washington. They also come as groups like the Basel Committee on Banking Supervision are being scrutinized.
The Federal Home Loan Bank System stepped up advances by 37% or more to Silicon Valley, Signature and First Republic banks ahead of their failures, the GAO says in a post-mortem on last year's banking crisis. The findings add to the debate about whether the system should be a lender of last resort.
Rep. Andy Barr, R-Ky., is running to lead his caucus in the House Financial Services Committee and says he has the skills to meld traditional and insurgent wings of the party.
Bellwether Community Credit Union's partnership with the New York ad tech firm Prizeout is working to build out gift card programs and generate added sources of non-interest income.
Morgan Stanley CEO Ted Pick downplayed the importance of government investigations into potential money laundering issues involving wealth management clients. "We've been focused on our client on-boarding and monitoring processes for a good while," he said.
