Citizens looks beyond loans in effort to tap student market
Citizens Financial Group Introduces Digital Student Banking Center Citizens Financial Group, a prominent regional bank based in Providence, Rhode Island, has taken a significant step towards the optimization of its relationship-focused strategy. The company, with a total asset of $218.3 billion, has unveiled an innovative online student banking center. This center aims to provide comprehensive […]
Weak dollar mitigated April tariff shocks – BIS’s Maechler
The Influence of US Tariffs on Global Economy The impact of US tariffs on the world economy has long been a subject of debate among economists and policy makers. Recently, Andréa Maechler, the deputy general manager of the Bank for International Settlements, made a statement suggesting that the effects of these tariffs were relatively short-lived. […]
Debanking doesn’t belong in CRA examinations
To the editor: At some point in the near future, I hope I learn not to open the American Banker app on my iPad with coffee in my mouth. If it’s not an article about the Consumer Financial Protection Bureau looking for reasons not to supervise the sector of the industry that is evolving the […]
Creative Planning to more than double AUM with SageView deal
The RIA giant Creative Planning is acquiring SageView Advisory Group in a deal set to bolster its expertise in retirement planning and more than double its assets under management. Overland Park, Kansas-based Creative Planning announced Thursday that it was buying SageView, a Newport Beach, California-based firm managing roughly $250 billion in client assets and 36 […]
Banking Day
ANZ Proposes Record Misconduct Penalty with ASIC The Australia and New Zealand Banking Group (ANZ) has agreed with the Australian Securities and Investments Commission (ASIC) to propose a combined penalty of $240 million in connection with four separate incidents of misconduct. This proposal marks the largest penalty ever secured by ASIC against a single entity. […]