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Month: February 2017
Even JPMorgan couldn’t bigfoot the middle market
The largest U.S. bank’s yearslong effort to do more business with midsize commercial firms has progressed in fits and starts but never met expectations. More patience will be required, but executives say the payoff could be sooner rather than later.
House Democrats optimistic about pot banking bill despite Trump objections
Democratic lawmakers in favor of legitimizing marijuana business are not being discouraged by the Trump administration’s comments indicating it may pursue a federal crackdown in states where pot is legal.
Count the beans but check the shelf life
Three financial services groups show well their business models are working
Cloud-based ClearBank to launch in U.K. to challenge legacy payments
Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country’s payment systems and core banking technology — and potentially save money in doing so.
Large-cap US stock mutual funds beat benchmarks
Dow Jones Industrial Average trying for its 13th record close
Barclays seeks to allay pension fears on dividends
Bank says retirement costs have been taken into account and will not hit payouts
US regulator probes banks over interest rate risks
Some lenders could find themselves in a vulnerable position due to a rise, FDIC warns
Inter National Bank licenses SwapsTechâs Foreign Exchange Platform
SwapsTech, the fastest growing Capital Markets and Banking Solutions provider and the new leader in Foreign Exchange solutions, today announced that it has signed a Software Services Agreement to provide Inter National Bank its cloud-based, end-to-end foreign exchange platform. Inter National Bank…
Alliance Trust sees off opposition to buy back Elliott stake
The investment trust can begin to buy back the 20% stake amassed by the activist investor