TAMPA, Fla. - (03/17/06) Bank of America announcedThursday it is pulling of Publix supermarkets in Florida. Thebanking giant said it is closing 82 branches throughout the state,leaving a giant void for other banks and credit unions to fill.BofA is in the process of renovating 185 branches throughout thestate, opening 35 new ones and upgrading 200 ATMs. The closure ofthe Publix branches will be done over the next twoyears.
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
Sen. Elizabeth Warren sent a request for information to the National Association of Insurance Commissioners about state regulators' efforts to address private equity ownership of life insurance companies.
Advisors are still slow to plan for handing down their businesses, in part because of difficulties finding new owners they can trust.
