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Directors at two of the Federal Reserve's 12 regional branches favored a 100-basis-point increase in the discount rate in July, minutes of discount-rate meetings show.

A growing number of challenger banks and fintechs are trying to help customers live more sustainable lives through carbon calculators with localized data.

Banks have been barred from trading on their own account for almost a decade because Congress wanted to quash any potential conflict of interest. They should hold themselves to the same standard.

President Biden plans to make his long-awaited announcement on student debt relief Wednesday, according to people familiar with the timing.

Neal Holland, who has been serving as MUFG Union Bank's chief financial officer, will assume the same role at First Republic. It is the latest in a series of recent changes in the San Francisco bank's leadership ranks.

Jeffrey S. Luechtefeld is a shareholder in the Tax Controversy and Litigation Section of Chamberlain, Hrdlicka, White, Williams, and Aughtry in Atlanta, Georgia. Luechtefeld's practice focuses on resolving tax disputes with the Internal Revenue Service, administratively or through litigation. He previously was a special trial attorney for the IRS Office of Chief Counsel as well as a regional leader of the tax controversy practice for a big four accounting firm. Luechtefeld can be reached at 404.658.5462 or jeff.luechtefeld@chamberlainlaw.com.

Forgiving student loan debt will cost between $300 billion and $980 billion over 10 years, according to a new analysis, with the majority of relief going toward borrowers in the top 60% of earners. 

As Vice President, Decision Science and AI at RGA, Petr Vaclav leads data analytics, machine learning (ML), and artificial intelligence (AI) initiatives for business units, clients, ventures, and acquisitions across RGA's Europe, Middle East, and Africa region.

An expert in data science, he specializes in digital distribution, bancassurance, predictive underwriting, and other topics and serves as a bridge between the reinsurer's Global Data and Analytics team, its internal and external clients, and partners.

Rising costs have motivated more hourly workers to enroll in programs that give them a portion of their earnings ahead of their normal pay cycle.

The deal has received regulatory approval but is awaiting a vote by East Allen members, the organizations said.