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Neo-banks Struggling to Make a Profit

Neo-banks Struggling to Make a Profit

After entering the banking market 10 years ago, neo-banks across the world are failing to adapt for a profitable future
Consumers Uncertain about Inflation as Household Debt Nears $16T

Consumers Uncertain about Inflation as Household Debt Nears $16T

Findings come as US inflation nears 40-year high, climbing to 8.3% in April
Montana, NY Banks Strike Fintech Lending Partnerships

Montana, NY Banks Strike Fintech Lending Partnerships

The two banks are seeking to reduce frictions and increase efficiencies in their lending programs
Minnesota Credit Unions to Offer Commercial Lending

Minnesota Credit Unions to Offer Commercial Lending

A quartet of credit unions have teamed up to target commercial and infrastructure projects
Banks Call for Changes to SEC Cybersecurity Proposals

Banks Call for Changes to SEC Cybersecurity Proposals

The regulator’s proposals do not take into account other policy goals, according to a trade body coalition
Bank M&A Rules ‘Need Updating’, Says OCC Boss

Bank M&A Rules ‘Need Updating’, Says OCC Boss

Michael Hsu calls for reform but rejects the idea of a moratorium on transactions
Regulators to Modernize CRA Rulebook

Regulators to Modernize CRA Rulebook

The proposal is aimed at bolstering credit for low-income communities
United Community Banks Buys Progress in $272M Deal

United Community Banks Buys Progress in $272M Deal

United is targeting an expansion into ‘attractive’ Southeastern markets
SEC Enhances Crypto and Cyber Oversight Functions

SEC Enhances Crypto and Cyber Oversight Functions

The regulator is stepping up its work in the digital finance space as banks and others continue to innovate
Small businesses remain optimistic despite inflation worries

Small businesses remain optimistic despite inflation worries

More than half say business has recovered from the pandemic, Bank of America survey finds
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