BankThink

On Jun. 30, 2019. Dollars in thousands.

The company hired two bankers from CIBC to lead the newly formed group.

Banks need to more actively manage margins — including the use of new modeling technology — in the current low-interest-rate environment.

The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.

The Cleveland Fed president dismissed concerns about the central bank's faster payments system competing with The Clearing House's network, while saying that a national digital currency is less of a necessity in the U.S. than in other countries.