Bank

2024 - 7 - 2

Banking Buzz: Updates and Upgrades in the World of Finance

BaaS - Bank Robbery - Banking - Compliance - Defense Industry - FDIC - Financial Regulations - Fintech - High-Yield CD - International Trade - Mergers and Acquisitions - Regional Banking - Regulatory Compliance - State-Owned Banks - Sustainable Finance

Discover the latest advancements and challenges in the banking sector! 🏦 #Banking #Finance #Tech

The world of banking is buzzing with activity as various financial institutions make headlines. From Thread Bank facing scrutiny over its BaaS programs to First Resource Bancorp being recognized as a top player in the industry, the landscape is constantly evolving. In China, bank branches and ATMs are dwindling due to the rise of e-payments, reflecting a global shift towards digital transactions.

Fitch Ratings recently upgraded Hellenic Bank, signaling positive growth in the sector. Meanwhile, the EU's partnership with NATO to support European defense businesses showcases the intersection of finance and geopolitics.

Amidst all this, the Export-Import Bank (EXIM Bank) continues its renewable energy push, navigating the complexities of global markets. Simultaneously, the US FDIC issued a consent order to Thread Bank, highlighting the importance of fintech partnerships and enterprise risk management in today's banking landscape.

In a surprising turn of events, Thread Bank's BaaS programs have come under FDIC scrutiny, emphasizing the need for robust regulatory compliance. On the other hand, the upgrade of Hellenic Bank's rating by Fitch demonstrates the resilience and growth potential of certain financial institutions.

Post cover
Image courtesy of "pymnts.com"

Thread Bank, Unit's BaaS Partner, Receives Latest FDIC ... (pymnts.com)

An FDIC enforcement order against Thread Bancorp calls out the bank's BaaS programs by name, as the agency takes BaaS more seriously.

Post cover
Image courtesy of "PRNewswire"

FIRST RESOURCE BANCORP, INC. Recognized as One of the Top ... (PRNewswire)

PRNewswire/ -- First Resource Bancorp, Inc. (OTCQX: FRSB), holding company for First Resource Bank, is proud to announce that it has been recognized by...

Post cover
Image courtesy of "South China Morning Post"

China's bank branches, ATMs dwindle amid e-payments and ... (South China Morning Post)

Some bank customers in China have been warned about trying to withdraw the daily limit of 20000 yuan without making an appointment to ensure that their ...

Fitch Upgrades Hellenic Bank to 'BBB-'; Outlook Stable (Fitch Ratings)

Fitch Ratings-Milan-02 July 2024: Fitch Ratings has upgraded Hellenic Bank Public Company Limited's (HB) Long-Term Issuer Default Rating (IDR) to 'BBB-'

Post cover
Image courtesy of "DefenseNews.com"

EU bank, NATO fund partner to support European defense businesses (DefenseNews.com)

Russia's attack on Ukraine has driven the EU to flex its economic muscle in the military tech space.

Post cover
Image courtesy of "Geospatial World"

EXIM Bank's Renewable Energy Push (Geospatial World)

Roosevelt, EXIM Bank (Export-Import Bank) has been a witness to the rough and tumble of global politics and the shifting contours of the financial markets for over 90 years. As the official credit agency of the United States, it facilitates exports across ...

Post cover
Image courtesy of "FinTech Futures"

US FDIC issues consent order to Thread Bank - FinTech Futures ... (FinTech Futures)

Tennessee-based Thread Bank has been ordered by the FDIC to improve how it oversees partnerships with fintechs and manages enterprise risk.

Post cover
Image courtesy of "The Lawrence Times"

Bank robbery reported in Lawrence; no injuries, police say (The Lawrence Times)

A bank robbery was reported at Bank of America in Lawrence Tuesday morning, according to the Lawrence Police Department.

Post cover
Image courtesy of "American Banker"

Margin pressure, potential loans losses on radar for small-bank ... (American Banker)

With the Federal Reserve holding interest rates at elevated levels through the first half of the year, analysts are sharpening their collective focus on ...

Post cover
Image courtesy of "KCTV Kansas City"

Police searching for suspected bank robber in Lawrence (KCTV Kansas City)

LAWRENCE, Kan. (KCTV) ...

Post cover
Image courtesy of "Fortune"

Want to open a high-yield CD? Merrick Bank could be a good choice (Fortune)

Merrick Bank offers great rates on its CDs and several credit cards, but few other banking products.

Post cover
Image courtesy of "Fortune"

Morgan Stanley just made this sleeper bank stock its top pick after ... (Fortune)

Buffalo-based M&T was the highest-scoring regional bank to be tested.

Post cover
Image courtesy of "WFSB"

Police search for suspect who robbed bank at gunpoint (WFSB)

NORWICH, CT (WFSB) – A ...

Post cover
Image courtesy of "WIBW"

Bank of America branch robbed Tuesday morning near downtown ... (WIBW)

Authorities were ...

Post cover
Image courtesy of "fox4kc.com"

Lawrence police searching for bank robbery suspect (fox4kc.com)

The Lawrence Police Department is investigating an "alleged" robbery at a Bank of America where a suspect fled down an alleyway.

Post cover
Image courtesy of "KMBC Kansas City"

Lawrence police searching for suspect after Tuesday morning bank ... (KMBC Kansas City)

Police were called to the scene near 900 Ohio Street around 9:20 a.m. Tuesday.

Post cover
Image courtesy of "New Haven Register"

Norwich police seek suspect in armed robbery of High Street bank (New Haven Register)

Norwich police say a man with a handgun stole an undisclosed amount of money from Centreville Bank on High Street Tuesday.

Mutuals Ion Bank, NVE Bank plan merger | ABA Banking Journal (ABA Banking Journal)

Ion Financial in Naugatuck, Connecticut, and NVE Bancorp in Englewood, New Jersey, have agreed to merge. The mutual holding companies said in a press ...

Mexico's Policy Bank Growth to Benefit from Increased Financial ... (Fitch Ratings)

Fitch Ratings-New York/Monterrey-02 July 2024: Fitch Ratings expects Mexico's six state-owned banks to gradually increase their role in the execution of.

Post cover
Image courtesy of "American Banker"

Climate-friendly bank gets dinged by FDIC over its funding model (American Banker)

Maryland-based Forbright Bank, which is led by a onetime Democratic presidential candidate, relied extensively on brokered deposits as it grew after a 2021 ...

Post cover
Image courtesy of "KSHB"

Police investigate robbery Tuesday morning at bank in downtown ... (KSHB)

Lawrence police are searching for a suspect wanted in connection to a bank robbery Tuesday morning, July 2.

Post cover
Image courtesy of "American Banker"

'Anti-woke' bank hit with FDIC consent order as losses mount (American Banker)

Old Glory Bank, which has ties to conservative political figures and touts itself as "pro-America," needs to raise more capital to meet its regulator's ...

Explore the last week