MIDWEST
Firstar Investment Research and Management Co., Milwaukee, the
Mr. Frohna was named head of the firm's Portico Microcap Fund, which is
Mr. Paul, an equity analyst, became a co-manager with two other analysts
MIDWEST
Firstar Investment Research and Management Co., Milwaukee, the
Mr. Frohna was named head of the firm's Portico Microcap Fund, which is
Mr. Paul, an equity analyst, became a co-manager with two other analysts
Rep. Frank Lucas, R-Okla., told American Banker that he sees a concrete path to chair the House Financial Services Committee that relies on his long experience in committee leadership and long political career.
Banking Circle US is the first company to use Connecticut's uninsured bank charter for wholesale and merchant activities. This kind of charter makes sense for payments firms, but questions persist about overall viability.
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
Ant Group's Alipay is linking to Pakistan's NayaPay as part of a push to support tourism to China, Revolut has obtained a license from Mexico's National Banking and Securities Commission, and more.
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
The Federal Reserve chair's comments coincide with the spring meeting of the International Monetary Fund and the World Bank Group in Washington. They also come as groups like the Basel Committee on Banking Supervision are being scrutinized.