I attended Federal Reserve Gov. Christopher Waller’s speech last Thursday at the University of St. Thomas in Minneapolis. Though much of his speech focused on why the Fed should temporarily delay lowering interest rates, Waller also briefly touched on his opposition to a central bank digital currency. [Continue]
The Federal Open Market Committee should wait a little longer before reducing interest rates, Fed Gov. Christopher Waller said on Feb. 22 during a speech at the University of St. Thomas in Minneapolis. [Continue]
Former CEO of failed Kansas bank Heartland Tri-State Bank Shan Hanes was federally indicted earlier this month for allegedly embezzling $47.1 million from the bank in the weeks leading up to its collapse. [Continue]
Several credit union-bank acquisitions have already been announced in the first five weeks of this year, continuing their record pace of recent years and providing further evidence that tax-exempt CUs should adhere to the same tax structure as banks. [Continue]
Economists and bankers expect GDP growth will slow this year amid an ongoing exodus of Covid-19 stimulus dollars from the market and the impact of numerous interest rate hikes from the Federal Reserve to cool inflation. Beyond that, the scope of a recession — or whether one will even occur — is subject to extensive debate. [Continue]
Recent conversations with my father over the 1980s farm crisis have led me to ponder the domino effect inflation can have on rural communities. [Continue]
The Consumer Financial Protection Bureau is looking to overhaul how banks and credit unions with more than $10 billion in assets determine overdraft expenses. [Continue]
The Midwest economy remains strong despite lingering shortages of workers and workforce housing, according to a pair of recent economic meetings. [Continue]
As more community banks consider whether to offer artificial intelligence-powered services, Wausau, Wis.-based IncredibleBank is providing one template for success. [Continue]
With a toast to 2023, BankBeat.biz has compiled the five stories that especially captivated the industry during the previous 12 months. [Continue]