Performance Finance
- Banking
Banks stuck in old ways have little time to modernize: McKinsey
The consulting giant McKinsey has an urgent message for traditional banks. While there’s a big opportunity coming out of the…
Read More » - Banking
Energy One Federal Credit Union Hikes 36-Month CD Rate
Deal Summary: 36-month Share Certificate, 1.25% APY ($100k minimum), 1.15% APY ($500 minimum). Availability: Employees of more than150 energy-related companies…
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Ardent Credit Union Ups Long-Term CD Rates
Deal Summary: CDs – 60-month (1.50% APY) and 48-month (1.25% APY), $100 minimum deposit. Availability: Residents of the Pennsylvania counties…
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Fidelity International CEO ‘strongly’ believes central banks should wait to tighten policy
Anne Richards, CEO of Fidelity International, told CNBC that central banks should wait a couple more months before tightening monetary…
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Square rebrands as Block as it looks beyond payments
Square’s product diversification is taking it well beyond the four-sided card readers it has offered for over a decade. Its…
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High-cost lender reaches $2 million settlement with D.C. authorities
The subprime consumer lender OppFi has reached a $2 million settlement with the District of Columbia’s attorney general over allegations…
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BMO Chief Information Officer Atul Verma joins Bank Automation Summit
Atul Verma, chief information officer of U.S. personal and business banking at Bank of Montreal (BMO), will join a panel…
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CFPB pledges to root out illegal overdraft fee practices
Consumer Financial Protection Bureau Director Rohit Chopra announced a crackdown on large banks that are heavily reliant on overdraft fees…
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FDIC selling controlling stake in Black-owned bank
The Federal Deposit Insurance Corp. plans to auction off a controlling stake in Birmingham, Alabama-based Alamerica Bank on Wednesday, a…
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Chopra distances CFPB from Trump era in settlement with consumer groups
Less than two months on the job as Consumer Financial Protection Bureau director, Rohit Chopra may have quietly exorcised a…
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