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Generative AI will Boost Corporate Profits Predicts Bank of America Survey

Generative AI will Boost Corporate Profits Predicts Bank of America Survey

AI implementations could boost S&P operating margins by 200 basis points
American Middle-Income Families’ Purchasing Power Increasing

American Middle-Income Families’ Purchasing Power Increasing

The average purchasing power for middle-income families in August was 102.2%, up from 101.5%
Mobile Banking Set to Surpass Online Banking as Top Global Digital Banking Platform

Mobile Banking Set to Surpass Online Banking as Top Global Digital Banking Platform

Growth in mobile banking driven by demand for instant, personalized customer assistance
Will You Be Conspicuous by Your Absence? Banking Exchange Fly-in November 7

Will You Be Conspicuous by Your Absence? Banking Exchange Fly-in November 7

Bringing together banking industry leaders
Lending Market Set to Open Up Even Before 0.5% Interest Rate Cut

Lending Market Set to Open Up Even Before 0.5% Interest Rate Cut

Fixed-rate mortgages moved even lower this week
Markets Come Back to Goldilocks Optimism, but Inflation Still an Issue

Markets Come Back to Goldilocks Optimism, but Inflation Still an Issue

Standard and Poors Index delivered four straight days of growth
Jobs Report Sets Up Appealing Environment for Interest Rate Cuts

Jobs Report Sets Up Appealing Environment for Interest Rate Cuts

Jobs report showed less job growth than expected in August
Cardholders Favor Cashback Rewards Over Points or Miles

Cardholders Favor Cashback Rewards Over Points or Miles

Study reveals 58% of consumers use cashback cards
Increased Credit Card Delinquency Rates Caused by Lenders Taking More Risk

Increased Credit Card Delinquency Rates Caused by Lenders Taking More Risk

Shifting risk composition caused greater risk credit cards to be issued
Bank of England Confident in UK Banks’ Crisis Plans

Bank of England Confident in UK Banks’ Crisis Plans

The BoE believes UK banks could be safely wound down in a crisis without taxpayer bailouts
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