by Ken Chase | Sep 15, 2022 | Banks, Market
Citi and Wells Fargo Announce Cuts in Mortgage Lending Staff By: Ken Chase. In the last several weeks, Wells Fargo has confirmed that 75 workers in its Iowa branches will no longer have jobs as of late October. Now, Citi has revealed that it too will be reducing its...
by Ken Chase | Aug 31, 2022 | Banks, Market
By: Ken Chase. In June 2022, U.S. Bank increased its employee base pay rate from $15 per hour to $18. Last week, the Minneapolis-based bank announced that it will be hiking that base pay even further later this year, with an increase to a new $20 per hour minimum...
by Ken Chase | Aug 31, 2022 | Banks, Market
By: Ken Chase. Federal Reserve Governor Michelle Bowman recently revealed that the Fed expects its FedNow real-time payments system to be ready and available by the middle of 2023. Bowman confirmed the anticipated launch timeframe during a speech at a Little Rock,...
by Ken Chase | Aug 31, 2022 | Banks, Market
By: Ken Chase. In his annual speech in Jackson Hole, Wyoming last week, Federal Reserve Chairman Jerome Powell reiterated the Fed’s firm commitment to doing whatever it takes to halt persistent inflation. Moreover, he indicated that he fully expects the Fed’s...
by Ken Chase | Aug 26, 2022 | Banks, Market
By: Ken Chase. A new survey from Verint found that consumers are increasingly focused on the security of their personal information when choosing a new bank. The poll contacted 5,000 customers of the nation’s twenty largest banks and revealed that concerns about...
