PremierWest Bancorp in Medford, Ore., is extending its public stock offering by two days to April 2. The $1.56 billion-asset company started the offering last Monday to raise $17.3 million. So far, PremierWest has raised $7.6 million. The public raise follows a rights offering earlier this month that garnered PremierWest $18.7 million. In total, it is hoping to raise $36 million of capital for the PremierWest Bank unit.
Brokerages are too dependent on the billions they make every year from clients' uninvested cash, industry analysts say. LPL is responding with a long-term review of its pricing.
The social media app has partnered with Cross River to manage tasks such as compliance and deposit insurance. But fintech experts say more work is needed before X can threaten traditional banks.
Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.
The remittance company and stablecoin payments platform Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by Western Union's stablecoin, the U.S. Dollar Payment Token, or USDPT.
Two presentations at The American College of Financial Services' CAAFP discussed how successful careers in the industry require both technical and emotional skills.
The Federal Deposit Insurance Corp. announced the launch of its Office of Supervisory appeals, which will be helmed by a panel of three officials with combined supervisory and banking experience and will review bank-led appeals of supervisory findings.
