BankAtlantic continues to market a "Switch A Thon is On" campaign that gives new account owners a $77 MasterCard gift card after switching from another financial institution. The bank also offered up to $25 for unused checks, free checks and even threw in a milkshake maker. BankAtlantic offers its customers seven different types of checking accounts and has 79 locations. The campaign is aimed at highlighting the bank's seven-days-per-week operating hours. New account-holders are required to maintain an account for 77 days in order to get the premiums.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
5h ago - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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The Senate passed President Trump's tax and spending bill Tuesday, but questions around Consumer Financial Protection Bureau funding, 1071 delay and remittance taxes remain as GOP leaders scramble to pass the bill out of the House before Trump's July 4 deadline.
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