Sun.Jun 02, 2024

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Does Numisma open or close the door for more novel banking charters?

American Banker

Numisma, a Connecticut-chartered uninsured bank, was granted a Federal Reserve master account last week — the first bank with a novel charter to do so since the Fed issued its master account guidelines in 2022. Whether others can do the same is an open question.

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Overheard at the Forum: How Colony Bank Hired a Fintech Creator to Jump Start Innovation

The Financial Brand

This article Overheard at the Forum: How Colony Bank Hired a Fintech Creator to Jump Start Innovation appeared first on The Financial Brand. Start with the basics and keep your eye on what makes sense for a community bank amid all the shiny whistles. This article Overheard at the Forum: How Colony Bank Hired a Fintech Creator to Jump Start Innovation appeared first on The Financial Brand.

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European and Canadian central banks expected to cut interest rates this week

TheGuardian

New lower rates of 3.75% and 4.75% respectively are likely to be introduced this week after drops in inflation Borrowers in the eurozone and in Canada are expected to get some relief from high interest rates this week. After recent drops in inflation, the European Central Bank (ECB) and the Bank of Canada (BoC) are forecast to lower their benchmark rates in the coming days.

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Banking on Change: Transformation Begins Within

The Financial Brand

This article Banking on Change: Transformation Begins Within appeared first on The Financial Brand. In an excerpt from his latest book, James Robert Lay explains why our egos may be the biggest obstacles to industry transformation. This article Banking on Change: Transformation Begins Within appeared first on The Financial Brand.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.