- Zacks
U.S. Bancorp's (USB) Arm Launches New Cloud Payments Interface
U.S. Bancorp's (USB) subsidiary, Elavon, launches a new Elavon Cloud Payments Interface API. The API is set to streamline digital and in-person payments for hotels and other hospitality entities.
- Yahoo Finance
Private equity is helping banks shed some of their risks
Banks are using "credit risk transfers" with private equity firms to help alleviate their regulatory burdens and protect against future losses.
- Yahoo Finance
Jay Powell just made 2024 more of a puzzle for regional banks
Higher deposit costs are eating into profits of regional banks. That pressure is not likely to abate anytime soon as the Fed dials back its expectations for rate cuts in 2024.
