by Ken Chase | Feb 6, 2023 | Banks, News
JPMorgan Chase is planning to develop a digital bank in Germany that it expects to serve as its hub for consumer services in the European Union, according to sources who confirmed the plans to Bloomberg. Chase, which is the largest bank in the U.S., is apparently...
by Ken Chase | Feb 6, 2023 | News
The Federal Reserve announced yet another interest rate hike this week, as it continues its efforts to rein in stubbornly high inflation. Unlike its most recent rate hikes, however, this increase was a more modest boost of a quarter of a percentage point. The central...
by Ken Chase | Feb 3, 2023 | Banks, News
Canada’s BMO Financial Group (BMO) announced this week that it has completed its acquisition of San Francisco-based Bank of the West, concluding a process that began more than one year ago. According to a press release confirming the deal’s completion, the acquisition...
by Ken Chase | Jan 26, 2023 | Banks, News
A new alert issued by the Financial Crimes Enforcement Network calls on financial institutions to be on the lookout for any attempts by sanctioned Russian elites to use commercial real estate investments to evade U.S. sanctions. According to the alert, which was...
by Ken Chase | Jan 26, 2023 | Banks, News
With Apple continuing its efforts to expand its operations into consumer banking services, several of the largest U.S. banks have reportedly come together to introduce a new digital wallet customers will be able to use for online shopping. Seven banks are involved in...
by visbanking | Jan 17, 2023 | Banks, News
By: Ken Chase Last week, Federal Reserve Chairman Jerome Powell delivered remarks during an appearance at the Symposium on Central Bank Independence hosted by Sweden’s central bank. In addition to comments focused on monetary policy and the Fed’s role in the U.S....
