De novo no more: Central Ohio bank hires president, grows SBA team as startup period ends
As three years of federal "de novo" oversight and lending limits ended, the bank had a new team already in place to greatly increase SBA loans......»»
Triad startup hires chief banking officer, rounds out executive team
Jeff Montgomery, former regional manager and Triad market president of First National Bank, will be the de novo's chief banking officer......»»
CoverMyMeds president says growing list of startup wins make Columbus "remarkable"
Leading one of Columbus' fastest-growing employers, David Holladay has an excellent vantage point to see how outsiders view Central Ohio......»»
"Ease and cut rate big": Trump pressures Fed to slash interest rates as coronavirus threat grows
SAUL LOEB/AFP/Getty Images President Trump pressured Fed Chair Jerome Powell to slash US interest rates after Australia's central bank cut its rate to a record low of 0.5% on Tuesday. "Should ease and cut rate big," Trump tweeted, adding that Powell ha.....»»
Fed"s Evans says above-target inflation "essential" in future
Chicago Federal Reserve Bank President Charles Evans on Thursday suggested that "extraordinary accommodation" and a period of elevated inflation will be integral to the U.S. central bank's approach to fighting the next severe economic downturn......»»
Central Pacific Bank hires Kamehameha Schools exec to lead CRE lending
Central Pacific Bank has hired Hawaii development executive Catherine Camp to oversee development and oversight of the bank’s commercial real estate lending as senior vice president and commercial real estate lending division manager. Camp was m.....»»
Draghi to Trump: ECB policy makers "do not target the exchange rate, period"
European Central Bank President Mario Draghi on Thursday res.....»»
ECB Draghi: Euro area economy in period of "protracted weakness"
European Central Bank President Mario Draghi said on Thursday that the euro zone economy was in a period of "protracted" economic weakness, with inflation staying low and the balance of risks tilted toward the downside......»»
Trump Slams Fed"s "Misguided" Tightening, Warns "Far More Costly" To Wait To Cut Rates
Members of the FOMC might be in their "quiet period" ahead of the July Fed meeting, where the board is expected to cut interest rates by at least 25 bp, but President Trump's attacks on the central bank continue. In a.....»»
Manhattan bank hires former Missouri Bank & Trust president
Landmark National Bank continues to add highly experienced people to its commercial banking team in the Kansas City area, hiring Ken Lawrence as a senior vice president. Lawrence started his Kansas City banking career in 1974 and most recently w.....»»
Erdogan Fires Central Bank Head As Desperation Grows
The Turkish president is getting desperate. Not only does he hav.....»»
Market Extra: 10-year Treasury yield ends at 21-month low
U.S. Treasury yields fall sharply Tuesday after European Central Bank President Mario Draghi says additional monetary policy stimulus could be needed, including interest rate cuts and asset purchases.....»»
MedBen names new CEO: Long-time president who guided transformation from direct insurer
Central Ohio's largest employee benefits firm has promoted its longtime president to CEO after he led a transition from being a direct health insurer and added an element of tech startup. Kurt Harden was named CEO of Newark-based MedBen at the company'.....»»
The Fed: Fed ‘inching closer’ to time when interest-rate policy will be less predictable, Williams says
New York Fed President John Williams said Friday the central bank is moving towards a period when p.....»»
Declaring ‘the Fed has gone crazy,’ Trump increasingly takes aim at U.S. central bank
President Trump is stepping up blame on the Federal Reserve as concern grows the economy could be slowing......»»
One of Pittsburgh"s biggest banks hires PA House leader as regional president
First Commonwealth Financial Corp. on Wednesday announced that Dave Reed, majority leader of the Pennsylvania House of Representatives, will join the senior leadership team of First Commonwealth Bank as regional president. Reed, who represents the.....»»
Landmark National Bank hires 25-year veteran from Mobank
Landmark National Bank, which is based in Manhattan, Kan., added 25-year veteran banker Jeff Phillips to its commercial banking team in Kansas City. Phillips will hold the title of senior vice president. He joins Landmark, a subsidiary of Landmar.....»»
Longtime NC bankers plan for charter takeover, HQ move after dropping de novo effort
Less than two months after withdrawing its startup application, the team behind Dogwood State Bank has a new plan to create a statewide financial institution......»»
Clearwater bank appoints former SouthState exec as new president and CEO
Flagship Bank's new top executive is stepping up after a transformative period of growth for the $650 million community bank......»»
Crypto assets are not a "real investment" because their fundamentals are weak, says top ECB official
Crypto assets have "very weak fundamentals and are "subject to a lot of volatility," ECB VP Luis de Guindos told Bloomberg on Wednesday. European Central Bank Vice President Lui.....»»
Boston Fed president Eric Rosengren says more research is needed before the US launches a central bank digital currency
While the central bank acknowledges the advantages of CBDCs, the Fed's Eric Rosengren.....»»