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.
Fresh Today
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.
WASHINGTON—The current strength of the labor market may keep the country from a recession this year, CUNA reports.
ALEXANDRIA, Va.–NCUA, along with the Office of the Comptroller of the Currency (OCC), the Federal Reserve and FDIC, along with state bank and credit union regulators have issued an interagency Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts.
NASHVILLE, Tenn.–After introducing a solution called Enbright One to help employees manage their personal finances—including providing time at work to create and/or manage their budgets and create goals for saving, retirement and investing—the credit union said it is now expanding it to members.
NEW YORK—Chase Bank has launched Chase Freedom Rise, a no-annual-fee rewards card that the bank said is specifically designed for those who are new to credit.