Why Key is facing a profit shortfall; credit unions + banks
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Key's profits have sunk. Can it move fast enough to soothe investors? The regional bank's stock price is down 38% this year, and it recently got downgraded by S&P Global. While there's light at the end of the tunnel — as Key looks to rebound from the negative impact of soaring interest rates — analysts question whether the improvement will take too long to materialize.
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Five Star Credit Union is buying a third Georgia bank: The Alabama-based credit union has agreed to purchase the $215 million-asset OneSouth Bank in Macon; it also purchased Georgia banks in 2014 and 2015.
How JPMorgan Chase's use of Tap to Pay puts pressure on merchant acquirers: The bank's retail clients can enable iPhones to accept payments without extra hardware, raising the stakes for any company that competes with the bank for merchant clients.
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Should the Federal Home Loan banks become public benefit corporations? A former insider wants the Federal Home Loan Bank System's regulator to require its 11 regional banks to balance members' liquidity needs with the system's public mission to fund affordable housing and community development programs.
Read more on regulation: St. Louis Fed seeks macroeconomic expert as next president
Bankers: tell us how your bank is working with small businesses. American Banker is conducting a survey right now and we’d love your insights.?You can contribute to the survey here.?
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1 年American Banker Every banks overall margin is being compressed exponentially with the incredibly high cost of deposits No bank is immune as long as rates remain this high!! Not to mention that they’re competing with US Treasuries above 5% which are tax free at the state and local level