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Small shops are facing more competition online. Combined with the impact of Brexit, this has made it even more important for businesses to sell overseas.
February 23
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New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points.
February 22
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A severe cold snap in the state has tested financial institutions unaccustomed to such weather-related disruption.
February 19
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Twelve banks joined the Tencent financing deal, which initially had a $6 billion size.
February 19
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Joseph Lajoie has succeeded Pamela Mello, who stepped down last month after more than five years in charge.
February 19
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The Madison, Wis.-based credit union will donate $1.5 million to a pair of United Way chapters in the region which will help distribute the funds to organizations serving communities of color.
February 18
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Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to move more services online. Maintaining ATMs alone costs about 700 billion yen ($6.6 billion) annually and another 100 billion yen is spent handling cash at branch counters, Nomura Research Institute estimates.
February 18
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The longtime leader joined State Employees' Credit Union, the second-largest CU in the nation, in 1975 and was named CEO in 2016.
February 17
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Net income and loan volumes at the Michigan-based credit union were both down in 2020 but noninterest income shot up 41% thanks in part to participation in the Paycheck Protection Program.
February 17
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Despite a culture of innovation, cash is still king in Japan. That paradox gives Japan a chance to leap ahead of other countries in payment innovation, says Fime's Takahide Kadoyama.
February 17
Fime
