A $150 million issue of Norwest Financial Corp. notes, due Nov. 15, 1997, was priced to yield 6.57%, or 54 basis points over the five-year Treasury note. Rated Aa3 by Moody's Investors Service and A-plus by Standard & Poor's Corp., the issue will be sold through underwriters led by Merrill Lynch & Co.
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Isabel Casillas Guzman, administrator of the Small Business Administration, wants the agency to get involved in direct lending, a practice that was discontinued during the Clinton administration. Congress has not embraced the idea, to put it mildly.
3h ago -
GLS had already stopped issuing first-use plastic as of 2018, but it wasn't enough for the eco-minded German bank. Fake plastic still looks and feels like plastic.
3h ago -
The top five banks and thrifts have combined deposits of more than $7.5 trillion.
8h ago -
The Federal Deposit Insurance Corp. is arguing that Colorado has the right to establish an interest rate cap that all state-chartered banks must follow. Three industry groups are suing the state in an effort to stop its attempted crackdown.
April 28 -
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
April 26