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Rolling The Inflation Dice

Rolling The Inflation Dice
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

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Iowa credit union proposes buying Illinois, Nebraska banks

Dive Brief:
North Liberty, Iowa-based GreenState Credit Union is buying two banks Oak Brook, Illinois-based Oxford Bank & Trust and Omaha-based Premier Bank, the credit union announced Tuesday.
The deals, each expected to close by the fourth quarter of 2021 pending regulatory approval mark the third and fourth banks to be bought by a credit union this year.
Credit union purchases of banks typically draw objections from trade groups such as the Independent Community Bankers of America (ICBA), which argues credit unions’ tax-exempt status allows them to offer a higher purchase price for acquisitions than banks can, and lets them grow more freely. ....

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Congress to quiz Wall Street bank chief executives next month - statement

Congress to quiz Wall Street bank chief executives next month - statement
04/15/2021 17:39
WASHINGTON (Reuters) - Congress will hold hearings next month with the chief executives of major Wall Street banks as Democratic lawmakers step up scrutiny of the role the industry has played in helping Americans recover from the COVID-19 pandemic.
The House Financial Services Committee and the Senate Banking Committees will hear testimony from JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley,MS.N>, a top Democratic lawmaker said on Thursday.
(Reporting by Michelle Price, Editing by Franklin Paul)
04/15/2021 17:39
© Copyright Reuters Ltd. All rights reserved. The information contained in this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd. ....

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Congress to quiz Wall Street bank chief executives next month

Bank CEOs to testify as U.S. Congress ramps up scrutiny of Wall Street
Reuters
6 hrs ago
By Michelle Price
By Michelle Price
WASHINGTON (Reuters) -The U.S. Congress will hold hearings next month with the chief executives of major Wall Street banks as Democratic lawmakers step up scrutiny of the role lenders have played in helping struggling Americans recover from the COVID-19 pandemic.
The House Financial Services Committee and the Senate Banking Committee will hear testimony from JPMorgan Chase & Co, Bank of America Corp , Citigroup Inc , Wells Fargo & Co , Goldman Sachs Group Inc and Morgan Stanley, according to a notice from the House of Representatives committee. ....

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Peso up as Wall Street rebounds | BusinessWorld

THE PESO strengthened against the greenback on Friday as US stocks rebounded following sharp losses.
The local unit gained three centavos to close at P48.08 per dollar on Friday from its P48.11 finish the day prior, data from the Bankers Association of the Philippines showed.
Week on week, the peso ended a tad higher than its P48.085 close on Jan. 22.
The peso opened the session at P48.07 a dollar, which was also its strongest showing for the day. It moved within a narrow range, with its worst showing for the day logged at just P48.085 against the greenback.
Dollars traded declined to $685.7 million from $1.188 billion on Thursday. ....

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