TheFinanceMagazine | Money Mindset
TheFinanceMagazine | Money Mindset
TheFinanceMagazine | Money Mindset
TheFinanceMagazine | Money Mindset
All In Credit Union in Daleville, Alabama, plans to acquire SunSouth Bank, the banking arm of SunSouth Bancshares, with assets of $115 million. The all-cash deal will be structured as a buy-and-take transaction. No other financial terms were disclosed in Thursday’s press release. This is the first bank acquisition for the All In Credit Union, […]
Deseret First Credit Union in West Valley City, Utah, reported a 3.5% quarter-over-quarter increase in total deposits at the end of the first quarter. Many of the deposits that left the banks as a result of recent failures resurfaced in credit union accounts. While U.S. banks lost 2.5% of their deposit base in the first […]
Google Wallet is adding more services that can be linked to the company’s payment app.Chris Ratcliffe/Bloomberg A year after resurrecting its Wallet product, Google is stacking the app with services to make it a central location for a wide range of consumer transactions and activities. The company made several updates to Google Wallet on Thursday, […]
Mobile banking has become more important differentiators, experts said, at a time when rising interest rates have led many consumers to transfer money more frequently between their different accounts.Adobe Stock Regional banks, particularly affected by the recent banking crisisalso lag behind larger competitors in mobile banking, according to a new customer satisfaction survey. JD Power […]
Although he calls himself an American patriot who would follow the American government, JPMorgan chief Jamie Dimon says of his company’s interests in China: “We are here, we will support the Chinese people”.Chris Ratcliffe/Bloomberg Jamie Dimon said JPMorgan Chase will be in China through good times and bad, remaining committed to doing business in the […]
As reported by the Financial Times According to the United Nations Population Fund’s World Population Dashboard, released on Wednesday, India’s growing population is expected to exceed 1.428 billion by mid-2023, just above the more than 1.425 billion people in China, where fertility rates are falling. Population growth is a politically sensitive topic in China and […]
Facing what could be a challenging revenue environment, Truist last month announced plans to integrate its online consumer lending platform, LightStream, into its consumer business.Chana R. Schoenberger Truist Financial is picking up the pace when it comes to streamlining business units. As part of an ongoing effort to reduce expenses and increase efficiency, the Charlotte, […]
Digital signage is displayed outside Morgan Stanley’s headquarters in New York, U.S., Thursday, July 12, 2018. Morgan Stanley is expected to release earnings numbers on July 18.Bess Adler/Bloomberg (Bloomberg) — Morgan Stanley is betting his wealth management juggernaut is just getting started as he outlined a plan to nearly double the company’s profits in the […]
India continues to display a managed and unified strategy to digitize the country in its drive to create a digital marketplace. This is all the more remarkable given the population base, both in size and variety. The last big news was the elimination of cash and its replacement with digital ID and wallets. We are […]
Quantum computers will eventually present the threat of breaking the encryption algorithms that banks and credit unions use today. But it’s a mitigable threat, and banks have many uses for quantum computers that have prompted the world’s largest institutions to invest in the technology. These uses of quantum computing are purely hypothetical at this time, […]
