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The deal between associations in Pennsylvania and Maryland will create a $5.9 billion-asset lender called Horizon Farm Credit.

Goldman Sachs’ Marcus, Synchrony Financial, American Express and Capital One Financial are among the banks that have recently raised their five-year CD yields. The price competition arrives as the Federal Reserve acts quickly to rein in inflation, spurring expectations that rates will continue to rise.

Seiffert, who succeeded longtime CEO William Wagner, orchestrated the company’s entry into Indiana and the sale of its insurance unit. Northwest reported a record $161.9 million profit in 2021.

The National Flood Insurance Program has been without a long-term reauthorization for five years, and it seems poised to stay that way after its first congressional hearing since 2019. 

Researchers may now have more leeway in helping banks uncover vulnerabilities to their systems, but legal gray areas remain.

The payments startup Bolt Financial is cutting staff, its CEO said in a message to employees on Wednesday. 

George's departure will come around the same time that Chicago Fed chief Charles Evans steps down. Both will have turned 65.

The number of acquisition announcements in April was less than half the level of a year earlier. Experts attribute this to stock market weakness, higher interest rates and elevated regulatory scrutiny.

In global news this week, U.K. regulators safeguard cash, Mastercard's CEO weighs in on SWIFT, Deutsche Bank debuts real-time B2B payments, and more.

We’re all entitled to our own opinion at work, but what if it starts impacting improvements and growth?