U.S. Bancorp announced it has increased its prime lending rate to 3.50 percent from 3.25 percent, effective tomorrow, March 17, 2022, at all U.S. Bank locations. U.S. Bancorp, with nearly 70,000 employees and $573 billion in assets as of December 31, 2021, is the parent company of U.S. Bank National Association. The Minneapolis-based company serves
The FSC has launched an invaluable guide to help professional financial advice providers to plan for business succession in times of disruption and change: its Locum Financial Advice Arrangements – A Guide for Financial Advice Providers document. When financial advice was brought under the Financial Markets Conduct Act 2013 on 15 March 2021, industry regulation
CoinShares, Europe’s largest and longest standing digital asset investment firm, today announced that following approval from the Swiss Financial Market Supervisory Authority, has acquired an additional 20.8% stake in Swiss-based FlowBank. This acquisition was priced at CHF 24,740,000. Following the Company’s October 2021 strategic investment of a 9.02% stake in FlowBank, today’s disclosure brings CoinShares
A low or zero interest credit card can save you money on big purchases while that introductory rate lasts, but it takes many considerations to use them wisely. Learn more by watching this video from Credit Intel by American Express.
At the Investor Deep Dive in March 2022, Chief Executive Christian Sewing and Chief Financial Officer James von Moltke presented an update of the Bank’s strategy. In his speech Christian Sewing explained Deutsche Bank’s mission to serve clients as the Global Hausbank based in Europe.
Horizon Community Bank, an Arizona state-chartered bank headquartered in Lake Havasu City, Arizona and wholly-owned subsidiary of Horizon Bancorp, Inc., announced that it has entered into a definitive agreement for Arizona Federal Credit Union to acquire Horizon Community pursuant to a purchase and assumption transaction. Horizon Community was founded in 2002 and currently operates six
Visa today announced that it has completed the acquisition of Tink, an open banking platform that enables financial institutions, fintechs and merchants to create products and financial services and to transfer money. Through a single API, Tink enables its customers to make money transfers, access aggregated financial data, and use smart financial services such as risk
Citibank – complimentary financial planning, preferred banking benefits, world-class investment capabilities, travel & lifestyle benefits.
Small businesses depend on financial intermediaries like banks to manage their money and facilitate wire transfers to pay their workers, suppliers, and manufacturers overseas. In turn, banks use SWIFT to process most of these cross-border payments between firms banked in different countries. This article lists what you need to know about the SWIFT messaging system.
October 20, 2022 | 2.00PM EST
Does your institution make payments through Accounts Payable to students, instructors, researchers and academic visitors? Internal procedures might identify a payment as a stipend or honorarium, fellowship, grant or scholarship – but what these have in common in tax compliance is a set of specific regulatory requirements which will determine whether payments are subject to
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Global Market Strategist for J.P. Morgan Private Bank, Elyse Ausenbaugh, discusses the cause of high inflation rates, when inflation could normalize, and the possibility of the Federal Reserve raising interest rates.
