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First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week's banking news roundup.
March 7
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Federal Reserve Chair Jerome Powell emphasized the need for patience amid uncertainty over the Trump administration's policies, saying there would be no immediate rate changes but that the Fed would proceed carefully.
March 7
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Both stockpiles will be initially funded with assets owned by the Department of Treasury that were seized in criminal or other legal proceedings.
March 7
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Forecasters on an American Bankers Association panel predict continued economic growth this year, though they say President Trump's tariffs have created new inflation and recession risks.
March 7
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Bright Ikwetie is an associate member of the
Institute of Chartered Accountants of Nigeria and a graduate of accountancy. He has a Google Project Management certification, and he is an IBQMI-certified Lean Project Manager. He is a financial management specialist, with an internal controls, risk management and compliance focus.March 7
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Federal Reserve Gov. Michelle Bowman, one of the central bank's more inflation-wary officials, said the balance of risks for monetary policymaking could soon shift.
March 7
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Gesa Credit Union publicly rolled out ValorFI Heroes, which generates charity donations through everyday debit card transactions.
March 7
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The Internal Revenue Service holds a massive trove of sensitive data about American taxpayers that would be of inestimable value to a company operating in the private sector. Protecting it is a matter of national security.
March 7
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Employers added 151,000 employees in February and the unemployment rate ticked up to 4.1%. The reading bolsters the Federal Reserve's argument to hold rates steady amid economic uncertainty.
March 7
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Six proposals involving the purchase of a bank were terminated or rejected in 2024.
March 7
