SAN FRANCISCO—A new study shows that consumers who use remittances fear a recession combined with inflation could limit their ability to transfer money this year.
Fresh Today
STOCKHOLM, Sweden—Swedbank has reached a final settlement with the U.S. Treasury's Office for Foreign Assets Control over issues related to preventing money laundering. The bank has agreed to pay 37 million Swedish kronor ($3.5 million) to settle the case.
LONG BEACH, Calif.–Credit unions here were warned there is a risk management issue on the horizon for many: bad car loans.
LONG BEACH, Calif.–Credit unions here were offered 10 steps to follow and practice to improve the member (and employee) experience.
LONG BEACH, Calif.–A recession is coming, but it’s not going to be bad and will likely be short lived, according to one economist.
LONG BEACH, Calif.–If you’re in the C-suite, you need to be spending your time somewhere else with some regularity—the call center, according to one person.
WASHINGTON–The Federal Reserve Board has released the results of its annual bank stress test, which it said “demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession.”
LONDON–After more than 40 years, today officially marks the end for Libor, the London Interbank Offered Rate, which served as the key benchmark for setting the interest rates charged on adjustable-rate loans, mortgages and corporate debt around the world.
HENDERSON, Nev.––America First Credit Union has entered into a naming rights agreement for the practice facility of hockey’s Henderson Silver Knights (HSK), which also serves as a community ice rink that houses Las Vegas Golden Knights and HSK hockey programming and other community events.
WASHINGTON–With the banking industry pushing back on proposals that would raise capital standards for banks in the wake of a number of failures, one trade group is praising a Federal Reserve governor for saying any such regulation should be targeted.