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Tag: Commercial Banking
Credit-Card Spending Piles Up as Savings Dwindle
[ad_1] U.S. consumers continue to burn through their pandemic savings and are taking on more debt as they face high prices on everything from food and housing to entertainment. Marianne…
China’s Big Banks Cut Deposit Rates as Growth Plateaus
[ad_1] Dec. 21, 2023 11:05 pm ET China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to…
Canada Approves Royal Bank Deal for HSBC’s Canada Unit
[ad_1] Updated Dec. 21, 2023 9:20 pm ET OTTAWA—Canada on Thursday approved Royal Bank of Canada’s proposed $10.1 billion deal for HSBC Holdings’s Canadian unit, over a year after the…
Switzerland’s Financial Regulator Calls for Additional Powers After Credit Suisse Crisis
[ad_1] Published: Dec. 19, 2023 at 4:42 a.m. ET By Pierre Bertrand Switzerland’s financial market supervisory body called for stricter standards and additional powers following its post-mortem review of the…
Why It’s Taking So Long for Americans to Get Payments Instantly
[ad_1] Dec. 16, 2023 10:00 am ET WASHINGTON—There is a joke in banking circles that few things have moved as slowly as the adoption of instant payments in the U.S. …
The Race Is On to Hire Interns for 2025. Really.
[ad_1] Companies in finance and accounting are now recruiting for interns nearly 18 months before college students would be expected to start. [ad_2] Source link
KKR Purchases $7.2 Billion Portfolio of Prime RV Loans
[ad_1] KKR purchased a $7.2 billion portfolio of super-prime recreational vehicle loans from BMO Bank National Association. The alternative-asset manager said funds and accounts managed by its credit business led…
WSJ News Exclusive | Sale of Silicon Valley Bank’s Old Venture Capital Arm Hits a Snag
[ad_1] A process to sell the venture-capital arm of bankrupt SVB Financial, the former parent of Silicon Valley Bank, has fallen flat and creditors are now gearing up for a potential takeover…