American Bank Holding Corp. is headquartered in the coastal South Texas town of Corpus Christi.Adobe Stock. Prosperity Bancshares in Houston has agreed to buy American Bank Holding Corp. in a $322 million deal that would bolster its footprint in South and Central Texas. The all-stock transaction, slated to close at the end of 2025 or … Read more
Union Bank February 7, 2024 Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform, we’re introducing an easy-to-use digital investment app. You can start investing with as … Read more
Mike Knight In this post, I argue that, to strengthen climate risk metrics, the pricing of carbon should be transparent and consistent. I suggest that lessons can be learned from existing commodities and interest rate markets in the role a benchmark price (for carbon) could play to provide that transparency and consistency. Further, I propose … Read more
UPDATE: This article includes more details from Truist’s earnings report and comments made during the bank’s earnings call. Truist Financial is standing by its full-year revenue forecast and remains committed to its long-standing but elusive goal of achieving positive operating leverage. But Truist executives said Friday that if interest rate cuts fail to materialize in … Read more
Tom Davies CHAPS is a critical element of the UK’s payments landscape, handling 92% of UK payment values despite comprising 0.5% of volumes. CHAPS is used for high-value and time-critical payments, including money market and foreign exchange transactions, supplier payments, and house purchases. We forecast CHAPS volumes to help CHAPS participants in making staffing decisions … Read more
Summary Planning a wedding is exciting but costly, and reflecting on our experience, we share lessons learned about budgeting wisely, avoiding unnecessary expenses, and prioritizing what truly enhances the celebration of love. Planning weddings is a whirlwind of excitement, decisions, and, of course, expenses. It’s easy to get caught up in the desire to create … Read more
Forgotten phone numbers, lingering in customers’ profiles, are a potent weapon for fraudsters, turning a cornerstone of digital security — multifactor authentication — into a direct liability for financial institutions. Account takeover, or ATO, fraud presents a multibillion-dollar threat, but an often overlooked form of attack is gaining traction: The exploitation of recycled phone numbers. … Read more
Embarking on the journey to homeownership can be both exciting and overwhelming, especially when you’re surrounded by a plethora of myths and misconceptions. As a first-time homebuyer, you might have heard that renting is more affordable than owning, or that a flawless credit score is essential. But how accurate are these claims? In this guide, … Read more
Marcus Buckmann, Galina Potjagailo and Philip Schnattinger Disentangling the sources of high inflation, exceeding inflation targets in the post- pandemic period, has been a priority for monetary policy makers. We use machine learning for this task – a boosted decision tree model that fits non-linear associations between many indicators and inflation. We add economic interpretability … Read more
Summary Understanding the components of your mortgage—Principal, Interest, Taxes, and Insurance (PITI)—can help demystify your monthly payment and empower you to save money over the life of your loan. Ever felt like your mortgage statement is written in a secret code? You’re not alone. Unless you have enough money in the bank to purchase a … Read more