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British Grocery Chain Sainsbury's Slashes 3K Jobs

PYMNTS

We also want to support our communities and those in need and are creating a £5 million community fund for local charities and good causes, in addition to the £7 million we donated to Fareshare and Comic Relief earlier this year. He said that he will forgo a bonus this year if one is payable.

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The resilience of small businesses: Insights for lenders

Abrigo

In conversations with community banks and credit unions across the country, we’re hearing about a significant increase in line utilization, raising questions about both liquidity and credit risk. Early 2024 figures show a dip in DSCR to 4.62x. However, recent data from Abrigo shows that privately held companies across the U.S.

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Developing leaders in mortgage lending – Navigating uncertainty with leadership strategies

Independent Banker

percent through 2024—a number above the long-term growth rate of 2 percent–what should be of interest to lenders during this time is the direction of interest rates. What it means for community banks is clear. While the U.S. economic growth rate is predicted to settle upwards of 2.5 Following a ten-year high of just above 4.5

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Banking's Top 5 Total Return to Shareholders: 2024 Edition

Jeff For Banks

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 6, 2024 was 34.55%. billion in total assets and seven branches at September 30, 2024. The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018.

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A Marketing Tool For Lenders – Our ROI Calculator

South State Correspondent

Why Is It Important for Lenders Most community bank commercial clients do not have professional CFOs or treasurers. Therefore, while the community customer may be proficient in running his/her business, often they lack financial tools and need help understanding the math.

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ABA announces 2024 Diversity, Equity and Inclusion Award winners

ABA Community Banking

ABA announced the winners of its 2024 ABA Diversity, Equity and Inclusion Awards, which recognize member banks for their internal-facing programs, leadership and activities focused on improving DEI within their workplace. The post ABA announces 2024 Diversity, Equity and Inclusion Award winners appeared first on ABA Banking Journal.

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ABA announces 2024 Emerging Leader Award recipients

ABA Community Banking

ABA announced the 2024 recipients of its annual Emerging Leader Awards, which recognize the next generation of bank leaders committed to the highest standards of achievement and service. The post ABA announces 2024 Emerging Leader Award recipients appeared first on ABA Banking Journal.