The Office of the Comptroller of the Currency is allowing banks to close branches along the Gulf Coast as a potential hurricane nears.
The agency said in a statement Thursday that its decision applies to branches “directly affected by the extreme weather” from Tropical Storm Harvey. The storm, which is
Shuttered offices “should make every effort to reopen as quickly as possible,” the OCC added.
Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
This year saw the impact of Donald Trump's return to the White House, the first rate cut from the Federal Reserve in roughly four years and more.
The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
A roundup of the past year's profiles of senior executive women in banking and finance.
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
Looking back at the year, this is how they impacted the financial services industry.
