Report: FDIC Seeking Buyers for Republic First Bancorp

pymnts.com The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as…

‘Huge Disaster’

forbes.com 04/24 update below. This post was originally published on April 23 Bitcoin has just undergone its latest halving supply cut, triggering "unprecedented" crypto "chaos."…

The 10 best secured credit cards for 2024

fortune.com Secured cards are a type of credit card that have a lower barrier to entry because they require the cardholder to pay a security deposit that guarantees their line of…

Want a risk-free investment that earns you more than 5% a year? Try these CDs

fortune.com With interest rates at a record-high, some of the best CDs offer rates that top 5%. By signing up for a certificate of deposit (CD) or share certificate, you can earn extra…

How to Choose the Best 10-Year CD Rate for You

fortune.com Interest rates on 10-year certificates of deposit (CDs) usually are higher than shorter-term CDs in periods of rising interest rates, and lower in periods of declining…

Boost your savings fast with the best 18-month CD rates

fortune.com An 18-month certificate of deposit (CD) is a great option for investors looking for higher returns compared to a regular savings account while still enjoying the same level…

E*Trade Premium Savings Account Review: Is It Worth It?

247wallst.com As Americans slowly realize they are being scammed with regular savings accounts, premium savings accounts have grown in popularity. While banks would prefer you keep your…

Elevate your savings with the best 4-year CD rates

fortune.com A 4-year certificate of deposit (CD) offers a great way to lock in high interest rates over 48 months, all with the safety offered by Federal Deposit Insurance Corp. (FDIC)…

Boost your earnings with the best 2-year CD rates

fortune.com A 2-year certificate of deposit (CD) is a solid choice for investors who want better returns than a regular savings account but still want the same level of safety with…

Short-term investments with low risks and high rewards: the best 9-month CD rates

fortune.com A 9-month certificate of deposit (CD) is a great option for investors looking for higher returns in a short-term investment, while still enjoying the safety of Federal…

Stablecoin Regulation: Legal Veteran Kicks Against Lummis-Backed Bill

coingape.com There is contention that the new stablecoin regulation Bill, co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand may contribute significantly to stifling…

Pomelo, a “send now, pay later” startup that lets users in the US send money in the form of credit to people in the Philippines, raised a $35M Series A

techcrunch.com Pomelo, a startup that combines international money transfer with credit, has raised $35 million in a Series A round led by Dubai venture firm Vy Capital, TechCrunch has…

I'm a former JP Morgan exec who now works to distribute basic income payments to those in need. Here's why I do it

aol.com None Wole Coaxum is the CEO of MoCaFi, which has distributed over $52 million in basic income payments. • None Coaxum, a former JP Morgan exec, was inspired by social…

The next bank bailout’s true costs may not be such a mystery

thehill.com During the 2008 financial crisis, interim Assistant Secretary of the Treasury for Financial Stability Neel Kashkari — who oversaw the Troubled Asset Relief Program —…

Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well

cnbc.com Wall Street's biggest banks finished reporting first-quarter earnings this week. Overall, their results were positive. Jim Cramer ranks them. The "pecking order" for the…

U.S. Housing Takes the Brunt of Fed Policy

economics.bmo.com BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Bank N.A. (member FDIC), Bank of Montreal…

Golden-goodbye payouts on Wall Street could be at risk under resurrected Financial-Crisis era rule

fortune.com U.S. financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — an outstanding requirement of the 2010 Dodd-Frank Act that has repeatedly…

Empire Newsletter: Bitcoin is halving a moment

blockworks.co Four more years! Bitcoin Halving Day is here (at least, that’s what some countdowns are projecting, sometime before midnight ET). Finally! By now, you’ve slogged through…

Regions Bank Struggles With Expenses; Bullish On Consumer

pymnts.com Two months after laying off 3% of its workforce, the Birmingham, Alabama-based Regions Bank posted disappointing Q1 earnings Friday (April 19). The southeastern regional’s…

Largest Commercial Lenders in Greater Washington

bizjournals.com Source: The FDIC

FinTech IPO Index Gives Up 6.4% as Platforms Plummet Ahead of Earnings

pymnts.com If there was a theme marking the past five days of trading, after the big banks reported earnings, and as the digital lenders that populate the FinTech IPO Index showed,…

CEO Says KeyBank Is ‘Back to Playing Offense’

pymnts.com Liquidity continues to dominate Q1 earnings season for banking. Saying his company can finally “play offense,” Cleveland-based KeyBank CEO Chris Gorman presented a solid…

McHenry Proposes Office to Regulate Financial Regulators

pymnts.com House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services…

Ex-FDIC Head ‘Worried’ About Regional Banks’ Potential Weakness

pymnts.com The former chair of the FDIC is looking for signs of weakness in regional bank earnings. “I’m worried about a handful of them,” Sheila Bair, who headed the Federal Deposit…

Mercury Expands Into Consumer Banking With Mercury Personal

pymnts.com Startup-focused banking FinTech Mercury is getting into the consumer banking business. The company has launched Mercury Personal, designed to help builders in the tech…

Bank OZK First Quarter 2024 Management Comments

benzinga.com LITTLE ROCK, Ark., April 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK's (the "Bank") OZK first quarter 2024 management comments are now available on the Bank's investor relations…

Best CD rates today: Beat the national average with high APYs on all CD terms

aol.com Today's certificates of deposit offer higher rates than we've seen in decades — significantly higher than FDIC national average deposit rates — which is ideal for savvy…

What happens to a bank account when somebody dies?

finance.yahoo.com No one wants to face their own mortality. Maybe that’s why, according to a , less than half of U.S. adults have a will that describes how they want their estate handled…

Startup-focused neobank Mercury expands to consumers with Mercury Personal, offering support for multiple users, access to up to $5M in FDIC insurance, and more

techcrunch.com Business banking startup Mercury, founded in 2017, is now launching a consumer banking product. Mercury today serves more than 100,000 businesses, many of which are…

OCC was ‘asleep at the wheel’ on NYCB, Warren says

finance.yahoo.com Two Democratic senators asked Acting Comptroller of the Currency Michael Hsu, in a letter Monday, why his agency approved the merger between Flagstar and New York Community…

US senators propose bipartisan stablecoin bill opening door to FDIC insurance in US

cryptoslate.com US senators Cynthia Lummis and Kirsten Gillibrand have jointly unveiled bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins,…

Startup-focused neobank Mercury launches personal banking, targeting the founder class

fastcompany.com Attention, founders: Mercury wants to move into your personal orbit. The neobank designed for startups announced on Wednesday that it will open up its services for personal…

The Solution for Stablecoin Regulation

coindesk.com Recent advancements in financial innovation have laid bare shortcomings in current U.S. policy regarding stablecoins, which fails to strike the delicate balance of promoting…

Report: Rippling in Discussions on Funding Round, $13.4 Billion Valuation

pymnts.com Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and $670 million of…

Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns

cnbc.com Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin…

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

thedailyupside.com They’re just not the passive type. On Tuesday, The Wall Street Journal reported that the Federal Deposit Insurance Corporation is investigating Blackrock, Vanguard, and…

Money market account vs. money market fund: What's the difference?

finance.yahoo.com If you have a lump sum of cash sitting in a checking or traditional savings account, you could be missing out on higher interest rates. Putting your money into a money…

Is Charles Schwab Actually A Bank?

247wallst.com Charles Schwab Bank is a subsidiary of Charles Schwab & Co., Inc. The bank offers a variety of deposit products such as checking and savings accounts. Charles Schwab Bank is…

Commerce Bancshares Echoes Q1 Earnings Theme of Resilience

pymnts.com Commerce Bancshares, one of the Midwest’s strongest regional banks, joined the chorus of Q1 results reporting Tuesday (April 16) and sounded the theme of resiliency. Tipping…

Bank of America tops estimates on better-than-expected interest income, investment banking

cnbc.com Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue on better-than-expected interest income and investment…

BJ's Restaurants and Ferry Launch Payroll Card Powered by Highnote, Digitally Disbursing Employee Tips at 200+ Restaurants Nationwide

benzinga.com SAN FRANCISCO, April 16, 2024 (GLOBE NEWSWIRE) -- , a financial technology platform facilitating automated instant tip payouts and tax compliance for hospitality businesses,…

Find the best 1-month CD: our pick of the top rates for short-term investors

fortune.com A certificate of deposit (CD) provides a great way to earn interest on your savings with fewer risks compared to investment vehicles like stocks. It provides a nominal…

Bank of America Reports Solid Earnings But CRE Losses Unexpectedly Surge

zerohedge.com Bank of America Reports Solid Earnings But CRE Losses Unexpectedly Surge With JPM, Citi and Wells already in the books, moments ago the last "big 4" money-center bank, Bank…

Jamie Dimon cashes out more JPMorgan stock, bringing his total share sales this year to $183 million

finance.yahoo.com JPMorgan Chase Chairman and CEO Jamie Dimon on Monday sold $32.8 million in the bank’s stock, bringing the total proceeds from shaving off a portion of his ownership stake…

NY Times hires WSJ’s Forsyth as DC investigations editor

talkingbiznews.com We’re thrilled to announce that Jennifer Forsyth, a longtime editor at The Wall Street Journal, will be joining The Times as investigations editor in Washington. Jennifer…

Is a high-yield savings account worth having?

theweek.com A high-yield savings account delivers exactly what its name suggests: higher yields on your deposits. Indeed, high-yield savings accounts "can pay up to 10 to 12 times the…

How to insure deposits over $250,000

finance.yahoo.com Money in a bank account is usually insured by the government up to $250,000. So what should you do if you have more? The (FDIC) and the (NCUA) insure deposits at banks and…

Banks’ Exposure to CRE Loans by Bank Size

wolfstreet.com When CRE hits investors, fine, they were paid to take those risks. But we’re a little more squeamish when it comes to banks. Commercial Real Estate loans amount to about $5…

Why JPMorgan Chase Stock Sank 6% Today

finance.yahoo.com Stock of JPMorgan Chase & Co. (NYSE: JPM) -- America's biggest bank both by revenue and by market cap -- is tumbling on Friday, down 5.8% through 11:05 a.m. ET despite the…

Should You Buy the Big Banks Following Their Earnings Reports?

investorplace.com Earnings season is here again, and the banks are kicked things off today. Here’s what you should note… Earnings season is upon us once more! The big banks kicked off the…

IRS tax day is here. Don’t miss out on a refund or these easy-to-miss credits for low-income earners

fastcompany.com The deadline to file your personal federal tax return is Monday, April 15. If you live in Maine or Massachusetts, you get a couple extra days. If you haven’t done this yet…

Wells Fargo Sees Brighter Days for US Consumer Spending

pymnts.com The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post…