Sun.Jul 30, 2023

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Bank ROE – What Should Be Your Bank’s Target?

South State Correspondent

The banking industry’s return on equity (ROE) was 14.42% as of Q1/23 and so far is looking materially lower for Q2/23. How should community banks target and compare their ROE to the industry and their peer group, and what defines a top-performing bank? Most importantly, is there an ROE level ensuring a bank remains long-term independent and healthy?

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15 Personal Finance Hacks for a Thriving Financial Future

BankBazaar

As BankBazaar celebrates its 15th anniversary, let’s explore 15 personal finance hacks to help you build a secure and successful financial future. 15 years, 15 pearls of wisdom! Personal finance management is crucial for achieving financial stability and prosperity in India. With a rapidly growing economy and diverse financial options, understanding the right strategies and hacks can make all the difference in achieving your financial goals.

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UK banks are closing more than 1,000 accounts every day

TheGuardian

Nigel Farage calls for royal commission as data shows big jump in customers being ‘debanked’ Banks are closing more than 1,000 accounts every working day, according to new data that has fuelled the growing row over so-called “debanking” and prompted Nigel Farage to call for a royal commission to investigate what he said was a scandal. Hours after the former Ukip leader revealed he was spearheading a website to campaign on behalf of people whose accounts had been shut, data revealed a big jump in

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AWS, Google and Microsoft are in an AI arms race. Banks are watching.

American Banker

Cloud giants are making major investments in generative AI and large language models. Their financial services clients are mostly in test-and-learn mode.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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My debit card and pin were stolen but Barclays is treating me as the criminal

TheGuardian

It had sent me new ones but before they arrived £1,000 disappeared from my account Last year we moved from the US to London to allow me to take up a new, quite prestigious job. As part of that, I opened a new bank account at Barclays last November, and deposited £1,000. The bank duly sent out a debit card and pin to our west London address, but before either had arrived, someone had emptied the account of the £1,000 – making five, separate ATM withdrawals in south London.

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