Emergencies top the list of reasons Americans are saving their money, according to a new survey by Visa. The numbers break out as follows: Emergency/rainy day, 30 percent; retirement, 20 percent; education, 10 percent; future needs, 10 percent; bills/living expenses, nine percent; holidays/occasions, eight percent; purchasing a home, eight percent; home/car repairs, seven percent; purchasing a car, seven percent; health care, four percent; family, three percent; taxes, two percent; and appliances/furnishings, two percent.
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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
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Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
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The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
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The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
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