Browsing: banking

Bank of America (NYSE:BAC), the global banking and financial services provider, closed at $59.47, down 5.14%. CEO Brian Moynihan told investors to expect a pullback in investment banking fees and trading performance in the third quarter, which weighed on the stock. Investors will also be watching the next earnings report for loan growth, credit quality,…

Canada’s financial technology sector is entering a pivotal phase. After years of discussion about banking modernization, the country’s fintech ecosystem is now being reshaped by regulatory reform, payment infrastructure upgrades, artificial intelligence and the growth of digital-first financial services. While Canada has historically lagged behind jurisdictions such as the United Kingdom and Australia in areas…

Fed rate worries, stubborn inflation and oil above $100 are pulling cash off the sidelines and back into focus as investors question how to park money while still staying close to the action. Short-duration yield and money-market style stocks exposed to this backdrop can look like either a shelter or a missed chance. This piece…

SoFi Technologies, Inc. SOFI and Nu Holdings Ltd. NU are often grouped as digital banking disruptors, and the comparison makes sense. Both use mobile-first platforms to attract customers, deepen relationships through cross-selling, gather deposits, extend credit and add investing or other financial tools. Both are also using artificial intelligence to improve engagement and decision-making, while…

Springfield, IL (CAPITOL CITY NOW) – If it seems there are a lot of bank mergers these days, you’re right. Springfield Business Journal executive editor Michelle Ownbey tells the WTAX Morning NewswatchHickory Point Bank is now going to be part of First Financial Bank.

When so much of your financial life lives online, protecting the device you use to access your money deserves some extra thought. Nancy from Baton Rouge, Louisiana, recently wrote to us asking whether keeping banking and investments on an entirely separate computer could provide another layer of protection.