Chime, the San Francisco-based banking fintech (NASDAQ: CHYM), is acquiring Stride Bank, a nationally chartered bank headquartered in Enid, Oklahoma, for $590 million in cash. The $5.4 billion-asset Stride, which has been Chime’s bank partner for more than seven...
Canadians are re-evaluating their relationships with their financial institutions for additional credit support, according to new research from Equifax Canada. Among the key findings from the survey are the following: 56% of mortgage holders say they will explore...
Buffalo, New York-headquartered M&T Bank (NYSE: MTB) has appointed Lopa Kolluri as head of affordable housing lending. In her new role, Kolluri will be based in the bank’s New York City office and will be responsible for the development, oversight, and day-to-day...
Michael J. Hsu is Acting Comptroller of the Currency. This article is adapted and edited from a speech that was recently delivered during the 2024 Conference on Artificial Intelligence and Financial Stability. Like all technologies, artificial intelligence (AI) can be...
U.S. community bank earnings for 2024 are expected to be 12% lower compared to one year ago, according to a new report from S&P Global Market Intelligence. The newly published “2024 U.S. Community Bank Market Report” found elevated interest rates are pressuring...
Title Insurance Premiums Rise Nearly 15% as Commercial Deals Drive Growth
