Banking
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Huntington shuttering dozens of in-store branches in Michigan
Huntington Bancshares has been “well-served” by partnerships with grocery stores Meijer and Giant Eagle, Midwest chains that house hundreds of…
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Deposit glut ties Regions’ hands
Regions Financial executives were candid Friday about one of their biggest challenges: what to do with a glut of deposits…
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Late credit card payments at historically low levels in U.S.
U.S. credit card delinquencies reached record-low levels in 2020, as Americans took advantage of stimulus checks and adjusted their spending…
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Ally’s diversification efforts starting to pay off
Ally Financial, which was spun off from General Motors in 2006, has long wanted to reduce its heavy reliance on…
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First Horizon squeezing more cost savings from Iberiabank deal
First Horizon in Memphis, Tenn., is getting more aggressive cutting costs tied to its merger with Iberiabank, reflecting systemic shifts…
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North Bay’s pot banking business gets a boost from new partnership
The pot banking business was already booming for North Bay Credit Union and a new partnership could take that even…
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What’s next for newly public BankMobile
BankMobile’s recent debut on the New York Stock Exchange will give the digital bank more avenues to diversify beyond its…
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With Democrats in power, will CRA be expanded to nonbanks?
WASHINGTON — The election of President Biden and turnover in leadership of the federal banking agencies not only means a…
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Rising revenues fuel minimum wage hike at Oregon Community Credit Union
Oregon Community Credit Union in Eugene has raised its minimum wage, joining a growing number of credit unions that have…
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Chemung Financial sells nonperforming commercial loans
Chemung Financial in Elmira, N.Y., has sold three nonperforming commercial loans, joining a short list of banks purging problem credits…
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