Category: Banking

WASHINGTON — In the final months of the Trump administration, the Department of Justice launched a plan to consider changes to its bank-merger review process, raising industry hopes that the outdated regime would be overhauled. But that was before the November election. With the Biden administration now calling the shots and the department led by… Continue reading Bank M&A rules could get even tougher under Biden

WASHINGTON — Two top Democrats on the Senate Banking Committee are urging bank regulators not to extend relief for the largest institutions from a key capital requirement. To help banks support the economic recovery, the agencies took steps last year to ease compliance with the supplementary leverage ratio, a rigorous measure of their capital relative… Continue reading Big banks don’t need further relief from capital rule: Warren, Brown

Zebra Technologies (ZBRA) is the IBD 50 Stocks To Watch pick for Wednesday as it eyes a new buy point amid a profits turnaround. The stock has trotted as high as 244% above its 2020 lows. X Zebra Technologies designs, manufactures and sells automatic identification and data capture products. These include mobile computers, bar code scanners… Continue reading IBD 50 Stocks To Watch: This Zebra Gallops Toward New Buy Point Amid Turnaround

A pandemic. A recession. Nationwide unrest over racial injustice. The events of the past 12 months have demonstrated with crystal clarity that banks have a role to play in society that goes far beyond taking deposits and making loans. It’s now more critical than ever for banks to understand what it means to be good… Continue reading 6 takeaways from Jamie Dimon’s letter to shareholders

Instacart has reached a deal with JPMorgan Chase to offer a credit card to customers who’ve flocked to the grocery delivery service during pandemic lockdowns. The two are collaborating on a card that could debut early next year, according to a person familiar with the matter. JPMorgan also is exploring a potential card partnership with… Continue reading Instacart inks card deal with JPMorgan amid pandemic popularity

The Democratic majority in Washington, D.C. has made clear that enhancing diversity, equity and inclusion (DEI) in the financial services sector is a priority. We’ve witnessed this in hearings on this very issue, in proposed legislation and by the nominees who have been chosen to lead federal agencies. Their mandate to financial institutions is to… Continue reading Credit unions can't fulfill mission without embracing diversity

Tuesday’s IBD 50 Stocks To Watch pick, chip leader Broadcom (AVGO), is rebounding from its key 50-day moving average line amid the current stock market pullback. Shares fell more than 1.5% midday Tuesday. X Semiconductor and infrastructure software firm Broadcom earned an adjusted $6.35 a share on revenue of $6.46 billion in the latest quarter, reported… Continue reading IBD 50 Stocks To Watch: Chip Leader Broadcom Rebounds From Key Support Level

In the first two months of 2021, Sector Leaders — IBD’s most stringent stock screen — trounced the S&P 500 19.80% to 1.47%. Scroll down to see how the IBD 50 and IBD Big Cap 20 also more than doubled the S&P to kick off the new year. X Finding the best stocks to buy… Continue reading This Stock List Has Trounced The S&P 19.8% To 1.5% YTD; Here's Why

For more content like this, from the industry leader in global payments coverage, please visit PaymentsSource.com. Time recently published three covers, though the magazine was participating in news more than reporting it. The covers were part of a sale, not on a newsstand but an auction of the cover art itself. The images were an… Continue reading NFTs and payments: A frontier with lots of promise—and risk

WASHINGTON — After loans backed by Fannie Mae and Freddie Mac skyrocketed last year due to heightened refinancing activity, the two mortgage giants will more than double their contributions to two trust funds that support affordable housing. The Federal Housing Finance Agency has authorized Fannie and Freddie to contribute a total of $1.09 billion to… Continue reading Fannie, Freddie double their funding for affordable housing projects