Summary Tax season is a prime time for scammers trying to steal personal and financial information. This blog outlines three common tax scams: Phishing Emails & Calls – Fraudsters impersonate the IRS to steal Social Security numbers and banking details.Identity Theft – Scammers file fake tax returns using stolen identities to claim fraudulent refunds.Fake Tax … Read more
Have you ever wondered why your statement of account is so important? As it is your financial footprint, it is quite important to access it and keep checking every now and then. Having a glimpse of your financial history is a good thing for effective personal financial management. You would know exactly what is going … Read more
In our discussions with banking executives, a common theme is how the lending market is changing and constantly giving rise to threats and opportunities, as covered in our Commercial Banking Top Trends for 2024. Confronting these changes is essential, but it also requires banks to be willing to reinvent to stay ahead. Previously, we touched … Read more
UPDATE: This article includes an interview with Ally CFO Russ Hutchinson, another with Truist analyst Brian Foran and quotes from Ally’s second-quarter earnings call. Ally Financial soared past Wall Street’s expectations in the second quarter. But its auto lending business, the bank’s specialty, still struggled with some tariff-induced hurdles. “Even as things feel like they’re … Read more
Union Bank April 14, 2025 Scams and fraud are becoming rampant and much harder to spot. In the past, phishing emails and text messages often contained misspelled words and grammatical mistakes. These days, scammers are using artificial intelligence to create phishing emails and texts that are much harder to spot. They also use AI to … Read more
Julia Giese and Jacqueline Koay We live in an era of rapid change, complexity and uncertainty. Over recent years, severe global shocks have been frequent, with profound implications for our economy and financial system. Yet such shocks are impossible to forecast with any precision as they are not extrapolations of past relationships. Our economy and … Read more
Summary Dieterich Bank helps Illinois businesses streamline finances with fraud prevention, payment solutions, receivables management, and liquidity tools, backed by expert support. Dieterich Bank’s Treasury Solutions Advanced fraud prevention tools to safeguard your business. Simplified payment solutions for secure and efficient transactions. Receivable solutions to improve cash flow and reduce errors. Liquidity management tools for … Read more
Are you thinking of closing your personal loan account? Or is it better if you leave it as it is and wait for its tenor to be over? It’s natural that all of us want to have a debt-free life without worrying much about the payment obligations such as EMIs, you know! The sooner you … Read more
The financial services sector, like many industries, is undergoing a transformation to drive new revenue streams and profitability. This shift is fueled by evolved and new business models based on advanced technologies and aimed at meeting client expectations. Similar to other industries, financial services organizations are focused on streamlining cost-to-serve mechanisms and enhancing productivity. However, … Read more
Huntington Bancshares boosted its full-year 2025 outlook for a number of key financial metrics Friday, forecasting higher loan and deposit growth along with an uptick in noninterest income. The Columbus Ohio-based company also joined a growing list of superregional and money center banks that have reported strengthening credit quality. “Our second-quarter results reflect the ongoing … Read more