BANKING

IVC Wealth Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 5.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,894 shares of the software giant’s stock after buying an additional 144 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Microsoft were worth $985,000 as of its … Read more

Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank, N.A. or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card and the … Read more

Jerome Powell, chairman of the Federal Reserve, said that the central bank will not hesitate to return to the zero-lower-bound interest rates that were instituted after the Great Financial Crisis and COVID if the situation requires it. But experts say more thinking needs to go into how the Fed uses other post-crisis tools in its … Read more

In September’s roundup of top banking news: Truist Financial promises to cut costs by roughly $750 million, former Wells Fargo exec Carrie Tolstedt is sentenced to three years probation, Bank of America and TD Bank double down on SBA loan growth and more. Click here to read last month’s roundup of banking industry news.

Bay Rivers Group cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 13,047 shares of the software giant’s stock after selling 464 shares during the quarter. Microsoft makes up approximately 3.3% of Bay Rivers Group’s portfolio, making the stock its … Read more

Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, September 28, 2021. Kevin Dietsch | Pool | Reuters Eight CEOs of the largest U.S. banks will face … Read more

Payment companies and banks are pouring investment into small-business technology, hoping to bring automation to one of the lingering parts of the economy that’s still largely based on checks and other paper processes.  There’s a huge opportunity. More than five million small businesses opened last year, according to the Commerce Institute, marking the second year … Read more

Tran Capital Management L.P. cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 150,434 shares of the software giant’s stock after selling 2,992 shares during the quarter. Microsoft comprises approximately 6.0% of Tran Capital Management L.P.’s portfolio, making the stock … Read more

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank by assets has been monitoring its credit card customers for signs of distress, Fraser told CNBC’s Sara Eisen on Friday in an interview. “We are paying attention to the … Read more