PNC’s indie incubator surfaces with two projects
The bank's innovation arm is developing a mobile-only account for gig-economy workers, and a real estate service to help companies analyze the long-term viability of properties. ... Read full article
News Topic: Real estate investments
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JPM breaks free; Merrill to sweep uninvested funds away from MMFs
Bank to offer 100 free stock or ETF trades to customers; the BofA unit will deposit uninvested client cash in banks, not money market funds. ... Read full article
Back-office innovations help banks dump costly real estate
Banks could shed as much as 20 million square feet of office space over the next five years as they shift many functions to high-tech operations centers in markets with cheaper rents. ... Read full article
Banks want in on tax reform plan to spur investment in distressed areas
Banking and affordable housing advocates are encouraged by a provision in the tax reform legislation that could increase investment in underserved communities by allowing investors to defer capital gains taxes when they reinvest in federally chartered ... Read full article
It was 10 years ago today …; B of A card rewards depositors
Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get. ... Read full article