Sixty percent of households that contributed online to a presidential campaign supported a Democratic presidential candidate, according to Synergistics Research Corp. More than one-fifth of the respondents, or 22%, made online donations to a Republican candidate this election year, 2% made online contributions to an independent candidate, and the remainder refused to specify the candidate's party affiliation, says Genie Driskill, chief operating officer of the Atlanta-based research group. The survey also revealed 9% of households with Internet access overall made political contributions online, households earning less than $30,000 per year and households earning more than $100,000 leading middle income groups with 13% each. "It seems to be what you would expect of the groups that contribute in terms of household income with the more-affluent … and the younger consumers who would fall into the [lower] income group," Driskill tells CardLine. The survey of 1,001 households with Internet access concluded in April.
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The regional bank faced months of pressure to end its relationship with CoreCivic and The Geo Group, two of the country's largest private prison operators. On Friday, it said it would "exit the credit facilities" it has in place for those companies, attributing the decision to business factors, not pressure from activists.
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Banks use artificial intelligence to do many different jobs. At Fifth Third, the technology is supervising the biggest post-merger integration in the bank's history.
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Amid warnings that a future slowdown in AI capital spending could pose a systemic threat, executives at Regions Financial said they're preparing the same way they would for any other credit concentration.
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ADHD can cause a slew of financial woes for clients, leaving them feeling overwhelmed, frustrated or emotional. Here is how advisors can help them build their confidence and stay on track.
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In its annual survey of industry consolidators, DeVoe and Co. detects signs that the upward march of RIA deal valuations may soon come to a halt.
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Three former senior enforcement officials at the Consumer Financial Protection Bureau have launched Halperin Petersen & Mikkilineni LLP, a new public interest law firm; Ally Financial taps Mark Mathewson as chief information and data officer; Provident Bank names Anthony Petrazzuoli SVP, deposits & payments operations director; and more in this week's banking news roundup.
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