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A shift is underway at the Federal Reserve in how to describe neutral — the interest rate level that neither stimulates nor restrains growth — as it debates how much higher to hike.

Officials say the decision to call off the acquisition, first announced in January, was mutual.

Banks make up just 10% of the client base for Eltropy, which hopes to increase that number through two tech acquisitions that add video banking and artificial intelligence capabilities.

Citigroup is seeking 400 more staff for its Belfast office as it expands rapidly outside of London, according to a senior executive at the bank.

Everyware, a text-based billing company reports strong demand for installment loans — due in part to the immediacy with which people respond to messages that pop up on their phones.

Citigroup joined rivals in trimming the ranks of its mortgage workforce as rising interest rates continue to crimp demand in the housing market. 

Higher mortgage rates have led to a sharp slowdown in cash-out refinances. Second mortgages were up nearly 50% in the first five months of the year as homeowners looked for new ways to borrow against their equity.

As the GSEs enter their 15th year in conservatorship, shareholders are wondering when they'll get their company back.

The top 5 have over 10 billion in assets.

Leaders of the Bank Policy Institute and The Clearing House say their conferences are neither profit centers nor potential conflicts of interest for regulators in response to a recent BankThink piece that describes the meeting as an example of overly cozy relationships between banks and regulators.