Physical cash is likely to have utility for years to come. If it passes away, better the death blow comes from superior commercial payment systems than government edict.
BCB Bancorp will pay $20 million for Indus American Bank, a New Jersey institution that focuses on the South Asian-American business community. Indus American lost a total of $2.5 million in 2015 and 2016.
Bill would replace much of Dodd-Frank but is unlikely to become law; online retailer is expected to expand Amazon Lending program to small businesses in the U.S., U.K. and Japan.
By making it easier and safer to share data with third parties, Wells Fargo's Brett Pitts says he is strengthening the bank's relationships with customers.
The vast majority of financial services executives surveyed by Cognizant predict open systems like bitcoin will gain greater prominence over the next five years — slightly more than said the same for private blockchains.
The Louisiana company, which fired its CEO earlier this year, has been paying a hefty dividend on funds it obtained from the Treasury Department in 2011.
Sen. John Kennedy, R-La., said he wants policymakers to flesh out a potential return of the Glass-Steagall Act, but wasn't sure if it should separate commercial and investment banking.
Large banks have scaled back lending as competition has intensified and credit unions and financing arms of car manufacturers are picking up the slack.
Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced.
