Month: August 2019

Forced arbitration, JPM’s contrarian move, M&A as recruiting tool: Top stories of the week

Banking News – Forced negotiation, JPM’s contrarian go, M&A as recruiting tool: Top tales of the week
&nbspThe case of a pastor wrongly-accused by Wells Fargo has mandatory negotiation back in the focus; JPMorgan started buying securities long before talk about rate cuts; more banks are turning to M&A to buy talent; and more from this week’s most-read tales.
Union Banking – http://www.americanbanker.com/list/forced-negotiation-jpms-contrarian-go-m-a-as-recruiting-tool-top-tales-of-the-week

Prompt notification would ease pain of data breaches: Survey

Banking News – Prompt notification would ease pain of data breaches: Survey
&nbspAt the same time, patrons hold banks to tougher leak values than regime agencies, health care organizations and retailers, according to Experian.
Union Banking – http://www.americanbanker.com/news/prompt-notification-would-ease-pain-of-data-breaches-survey

Mutual in Massachusetts lays groundwork for buying spree

Banking News – Mutual in Massachusetts lays basis for buying spree
&nbspJoseph Campanelli, CEO of Needham Bank, wants to be ready to scoop up mutuals struggling with rising costs and yield curve challenges.
Union Banking – http://www.americanbanker.com/news/mutual-in-massachusetts-lays-basis-for-buying-spree

Mobile checking fintechs look to pick off unhappy small-business customers

Banking News – Mobile read-through fintechs look to pick off miserable small-affair customers
&nbspNorthOne’s U.S. launch joins other app providers hoping to attract entrepreneurs and freelancers with facial appearance such as real-time insights into cash flow.
Union Banking – http://www.americanbanker.com/news/mobile-read-through-fintechs-look-to-pick-off-miserable-small-affair-customers

11 Utility Stocks and Funds to Buy for Safety and Income

Private Finance – 11 Utility Stocks and Funds to Buy for Safety and Income
 

Utility stocks and funds are in a casual spot right now. Investors tend to seek them out when depression fears creep (like they are right now), and they also tend to perform well when appeal rates decline.

Several countries have shown signs of fiscal weakness, sparking worries about a global depression. The U.S.-Chinese trade war hasn’t helped, blunting the growth of the planet’s two largest economies. And Derek Horstmeyer, an supporter finance professor at George Mason Academe, points out what many experts have said about the yield curve’s recent inversion. Namely, he calls it a “strong signal that we are in the late stages of fiscal additional room and may indeed be headed for a depression within the next 18 months.”

That’s a boon to safe-haven sectors such as utilities and consumer staples, as what they produce is always in demand, no matter what the economy is doing. Utility stocks, with their high returns on assets and high dividends, should be thorough given that they “tend to do well in late-cycle periods,” Horstmeyer says.

The utility sector also is arresting as appeal rates fall, says Robert Johnson, a finance professor at Creighton Academe. “The bonus yield on the utility sector is mainly arresting in this abnormally low-appeal-rate background as the yields on utility stocks exceed the yields on long-term U.S. regime debt by a significant margin,” he says.

Here are 11 utility stocks and fund to buy for safety and income. This list includes a few standouts in the sector, as well as several ways to branch out your risk while collecting these stocks’ above-average dividends.

SEE ALSO: All 30 Dow Stocks Ranked: The Analysts Weigh In

Kiplinger Private Finance – https://www.kiplinger.com/slideshow/investing/T018-S001-11-utility-stocks-and-funds-to-buy-safety-income/index.html

Temenos will buy digital banking software vendor Kony

Banking News – Temenos will buy digital banking software vendor Kony
&nbspThe core-banking source Temenos, based in Geneva, was drawn to Kony’s strong U.S. incidence, its software for banks and a special app it owns.
Union Banking – http://www.americanbanker.com/news/temenos-will-buy-digital-banking-software-vendor-kony

Bank Iowa agrees to buy First State Bank of Colfax

Banking News – Bank Iowa agrees to buy First State Bank of Colfax
&nbspBank Iowa will gain a branch in a neighboring market when it completes the acquisition.
Union Banking – http://www.americanbanker.com/news/bank-iowa-agrees-to-buy-first-state-bank-of-colfax

A REIT Fund Checks Out of Hotels

Private Finance – A REIT Fund Checks Out of Hotels
 Real estate stocks are searing. But TIAA-CREF Real Estate Securities is playing defense.
Kiplinger Private Finance – https://www.kiplinger.com/article/real-estate/T044-C009-S002-a-reit-fund-checks-out-of-hotels.html

PNC goes live on RippleNet

Banking News – PNC goes live on RippleNet
&nbspPNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks.
Union Banking – http://www.americanbanker.com/news/pnc-goes-live-on-ripplenet

Pacific Mercantile hires regional banker as its CEO

Banking News – Pacific Commercial hires regional banker as its CEO
&nbspBrad Dinsmore, who will also serve as the California company’s head, once was in charge of several key lines at SunTrust, counting consumer banking and private wealth management.
Union Banking – http://www.americanbanker.com/news/suntrust-exec-leaving-to-take-top-post-at-california-bank

Tips for Dealing with Debt in Retirement

Private Finance – Tips for Dealing with Debt in Retirement
 Savvy fiscal moves and strategic belt-tapering can tame even the most fearful debt loads and help place retirees’ golden years back in the black.
Kiplinger Private Finance – https://www.kiplinger.com/article/retirement/T025-C000-S004-tips-for-dealing-with-debt-in-retirement.html

How to Help Grandchildren Pay for College

Private Finance – How to Help Grandchildren Pay for College
 Follow these tax-saving strategies while gifting money to help fund their culture.
Kiplinger Private Finance – https://www.kiplinger.com/article/retirement/T042-C000-S004-how-to-help-grandchildren-pay-for-college.html

Let’s put some perspective around the small-dollar loan debate

Banking News – Let’s place some perspective around the small-dollar loan debate
&nbspThe debate over the CFPB’s plot to revamp its payday lending parameter should focus on the refund for borrowers.
Union Banking – http://www.americanbanker.com/opinion/lets-place-some-perspective-around-the-small-dollar-loan-debate

SEC Monitoring Impact of Hurricane Dorian on Capital Markets

Banking News – SEC Monitoring Impact of Cyclone Dorian on Capital Markets
&nbspThe Securities and Chat Fee is closely monitoring the impact of Cyclone Dorian on investors and capital markets.

The SEC divisions and offices that oversee companies, accountants, investment advisers, mutual funds, brokerage firms,…
SEC.gov Updates: Press Releases – https://www.sec.gov/news/press-release/2019-169