Banking & Financial Services
The Federal Reserve Board announced Tuesday its intent to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions (priced services) in 2021, according to a Tuesday news release from the…
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Optimism among investors historically grows after the 4th of July holiday. The last two weeks of July are typically positive for stock markets, normally driven by positive earnings announcements. The Street has already observed that the analyst community was too…
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The second quarter of 2020 is in the books, and it will go down as a historic three months for American business, American banking—and eventually, the American taxpayer. The latter will be on the hook for trillions in money borrowed…
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A question that many on Wall Street are asking is why a full recovery from the Covid-19 created recession could take five years, even if everything goes right. While that is not likely assuming Trump is reelected in November, it…
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Department of Commerce Secretary David Toland today announced the hiring of two economic development professionals to help direct business and community development efforts for the state. William (Bill) Murphy will become the new Deputy Secretary for Business Development at Commerce,…
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Federal Pandemic Unemployment Compensation (FPUC) provides an additional $600 weekly payment for unemployment insurance claimants that are receiving a weekly benefit. FPUC, currently set to expire July 25, is part of the federal CARES Act. Individuals were eligible for the…
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There is no doubt that rising coronavirus cases are starting to impede commerce again. Many states have mandated masks in public places, in an attempt to avoid reversal of the gradual business and social reopening process. If there is…
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After the release of the Paycheck Protection Program from the Small Business Association (SBA), many questions are asked about the program regarding who was eligible for the forgivable loan and risk/ what kind of penalties might be included. Shortly after…
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Commercial chapter 11 filing totals during the first six months of the year (Jan. 1-June 30) increased by 26 percent to 3,604 from the 2,855 total filings during the same period in 2019 according to data provided by Epiq Global,…
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National Bank Holdings Corp. (NYSE: NBHC) plans to close a total of 12 branches across the U.S., part of those closures including three Bank Midwest locations in the Kansas City area. Bank Midwest is a division of NBH Bank, which…
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