Credit unions have outpaced banks and online lenders in small-business customer satisfaction and are doubling down on their strengths to get creative.
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Bank of America is combining consumer units and giving one of its most senior women a bigger role leading the lender’s retail, consumer and preferred banking divisions.
A conservative legal group wants American Express to end financial incentives for executives who source diverse suppliers, although the card issuer says it doesn’t offer those anymore.
Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."
The deal, set to close in the third quarter, values the Seattle lender at $300 million. The offer comes about four months after HomeStreet’s proposed tie-up with FirstSun collapsed.
When scaling up, FinTech companies often face unforeseen tax issues that can slow their growth trajectory. Explore the top tax considerations businesses face as they grow in this playbook.
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