by Ken Chase | Nov 2, 2022 | Banks, Market
By: Ken Chase. In an online interview Friday, Swiss National Bank Vice Chairman Martin Schlegel offered his support for Credit Suisse’s recently announced plans to restructure and raise $4 billion in capital from investors. Schlegel endorsed the move during an...
by Ken Chase | Nov 2, 2022 | Banks, Market
By: Ken Chase. On Thursday, that Biden administration announced that U.S. gross domestic product (GDP) grew at an annualized rate of 2.6% in the third quarter of 2022. The Commerce Department released its advance third-quarter GDP report Thursday, suggesting that the...
by Ken Chase | Nov 2, 2022 | Banks, Market
By: Ken Chase. America’s small businesses are struggling to meet the challenges of a deteriorating economy and turning to their banking partners for advice and assistance. According to the recent J.D. Power 2022 U.S. Small Business Banking Satisfaction Study, however,...
by Ken Chase | Oct 26, 2022 | Banks, Market
By: Ken Chase. JPMorgan Chase customers with the bank’s Secure Banking no-overdraft checking account can now enjoy early access to direct deposit payments, according to Head of Growth Financial Products Ryan MacDonald. The new feature will allow those customers to get...
by Ken Chase | Oct 26, 2022 | Banks, Market
By: Ken Chase. The most recent forecast from Bloomberg Economics shows that the U.S economy is basically certain to experience recession by October 2023. The latest Bloomberg economist probability models represent a significant increase in the chance of recession, up...
by Ken Chase | Oct 26, 2022 | Banks, Market
By: Ken Chase. Third-quarter earnings from the major U.S. banks revealed a significant decline in mortgage lending in the late summer and early fall. According to some analysts, those declines in loan activity could forecast an even broader slowdown in the nation’s...
