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Republican Patrick McHenry is expected to lead the House Financial Services Committee as chair
Plus: New faces at Merchants Mortgage, and First Republic expands wealth management division
According to Sam Yen, most residences today state that the reason they still have a checkbook is to simply pay the rent
The payments company is running a pilot project with blockchain group Paxos
The markets have spiked from Friday through Tuesday
Plus: New branch for Mid Penn Bank and private client office for Signature Bank
While the economy is actually doing quite well, he sees the United States heading into a recession by next year
The bank will announce a restructuring plan in the coming days
The new office will help Hanover build out its lending and support teams with local talent
Profit declined by 28% for second quarter for America’s largest bank while earning was 12 cents short of most analyst expectations
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