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☆ Asking prices for UK homes barely rise in October, Rightmove says
  + stars: | 2024-10-21 | by ( ) www.cnbc.com   time to read: +1 min
Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting for clarity on tax changes in the new government's upcoming budget. Asking prices rose by just 0.3% in October, well below their average for a 1.3% monthly increase for the month, property website Rightmove said. Overall activity in the property market remained strong, with buyer demand rising. "Despite a budget-shaped cloud on the horizon, the big picture still looks positive for the market heading into 2025. Mortgage lenders Halifax and Nationwide both reported rises in house prices in September.
Persons: Rightmove, Tim Bannister, Bannister Organizations: Bank of England, Nationwide Locations: London's Muswell Hill, London, Halifax
☆ Where you should look for a job if you can't break into consulting, according to a Harvard career advisor
  + stars: | 2024-10-12 | by ( Kelsey Vlamis | ) www.businessinsider.com   time to read: +5 min
A Harvard career advisor says there are other ways to jump-start your career beyond consulting. Related storiesThat's where dedicated early-career programs come in. AdvertisementNg said those are the exact kinds of perks that new grads can get at companies with early-career programs. Ng has compiled a list of more than 1,000 companies that have early-career programs. As for the tech companies with dedicated early-career programs, his list includes companies such as Nvidia, PayPal, Snap, Dropbox, Zoom, and Workday.
Persons: —, Gorick Ng, they're, Ng, he's, Z, Young, gunning, Grainger, He's, Goldman Sachs, Piper Sandler, it's, there's Organizations: Harvard, Service, Harvard University, Consulting, GE, Fifth Third Bank, Aon, CNBC, NBC Universal, Nvidia, PayPal, UBS, Deutsche Bank
☆ Another top aide to New York City mayor resigns amid federal probe
  + stars: | 2024-10-07 | by ( ) www.cnbc.com   time to read: +5 min
Embattled New York City Mayor Eric Adams said Monday that he's accepted the resignation of his deputy mayor for public safety, Philip Banks, the latest senior official to leave as the mayor fends off an indictment and calls to step down. All three Banks brothers have denied wrongdoing. An attorney for Philip Banks, Benjamin Brafman, said Monday that federal prosecutors had assured him his client was not a target of the investigation. In addition to seizing the phones of the three Banks brothers, federal investigators also took devices from the city's police commissioner, Edward Caban, and one of Adams' closest aides, Timothy Pearson. At a press briefing last month, Adams spoke of his close ties to the Banks brothers.
Persons: Eric Adams, he's, Philip Banks, fends, Adams, Banks, David Banks, Terence, Benjamin Brafman, Kathy Hochul, Philip Banks Jr, Edward Caban, Timothy Pearson, Caban, Pearson Organizations: New York City, NY1, New York, Associated Press, Gov, Democrat, City, NYPD Locations: New York, Yorkers
☆ J&J subsidiary files for bankruptcy to advance $8 billion talc settlement
  + stars: | 2024-09-20 | by ( ) edition.cnn.com   time to read: +3 min
J&J’s Red River Talc unit made its filing in the U.S. Bankruptcy Court for the Southern District of Texas. J&J faces lawsuits from more than 62,000 claimants who alleged that its baby powder and other talc products were contaminated with asbestos and caused ovarian and other cancers. After being rebuffed twice by federal courts, New Brunswick New Jersey-based J&J is attempting again to end the litigation in a so-called “Texas two-step” bankruptcy. J&J said the Red River unit filed the bankruptcy case after it received support of about 83% of current claimants for the proposed bankruptcy plan. The goal is to use the proceeding to force all plaintiffs into one settlement, without requiring J&J itself to file for bankruptcy.
Persons: Reuters —, Johnson, J, Dietrich Knauth, Leigh Jones, Will Dunham, Sandra Maler, Shounak Dasgupta Organizations: Reuters, Johnson, Bankruptcy, Southern, Southern District of, Supreme, Purdue Locations: U.S, Southern District, Southern District of Texas, New Brunswick New Jersey, Texas, Bengaluru
☆ Banks for Immigrants and US Non-Citizens: A Comprehensive Guide
  + stars: | 2024-07-23 | by ( Sophia Acevedo | Sarah Silbert | Banking Editor | ) www.businessinsider.com   time to read: +70 min
New accounts have monthly fee waived for the first 6 monthsCheck mark icon A check mark. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 /5 Icon of check mark inside a promo stamp It indicates a confirmed selection. Offer valid through September 26, 2024. up to $450 (offer valid through September 26, 2024) Pros Check mark icon A check mark. No fee overdraft protection transfers from a linked deposit accountCheck mark icon A check mark. $50 overdrawn Available Balance safety threshold and Overdraft Fee Forgiven programCheck mark icon A check mark.
Persons: Juntos, you'll, Wells, Insider’s, It's, You'll, Del, Garland, Weslaco, Adams, NCUA, Pablo DeFilippi, Juntos Avanzamos, Banks, you've, We've, that's Organizations: Social, Bank of America Bank of America, of America, Bank of America, Dominican, . Department of State Diplomat, Wells, Wells Fargo Bank, U.S . Bank U.S . Bank, U.S, FDIC, . Bank, Bank Smart, Bank, U.S . Bank Mobile, U.S . Bank, State, Smart, MoneyPass, Consular, Santander Bank Santander ® Bank, N.A, Santander Bank, Santander, Fifth Third Bank, Fifth, Third Express Banking, Hope Credit Union Hope Credit, Credit, Hope Credit Union, Hope, Hope Credit, River City Credit Union, Federal Credit Union, River City Federal Credit, City Federal Credit Union, Guadalupe Credit Union Guadalupe Credit Union, Guadalupe Credit Union, APY Guadalupe Credit, Tucoemas Credit Union, Federal Credit, Tucoemas Federal, Tuceomas Federal, JetStream, JetStream Credit, North, North Jersey Federal Credit Union North, North Jersey Federal Credit Union North Jersey Federal Credit Union, North Jersey Federal Credit, Union Counties, Rio Grande Credit, Rio, Brooklyn Cooperative, Brooklyn Cooperative Brooklyn Cooperative, Brooklyn Cooperative's, Border Federal Credit Union Border Federal Credit Union, Border Federal Credit, Sutton, Caprock Federal Credit Union, Federal, Caprock Federal, Coastal, Federal Credit Union Coastal Community Federal, Savings, Coastal Community Federal Credit, FirstLight Federal Credit Union, FirstLight Federal, Bliss, Union, One, Rocket Federal Credit Union, Security, Credit Union Security First Credit, First Credit, Credit Union, Star, Texas Credit Union Star of Texas Credit, Star of Texas Credit, DC Credit Union DC Credit, DC Credit, American, Washington DC, DC, WHO, Union PAHO, WHO Federal Credit Union, PAHO, Pan American Health Organization, World Health Organization, CORE, Georgetown University, Georgetown Unversity, Community, Inclusiv, Services Locations: U.S, United States, Dominican Republic, Colombian, Wells Fargo Wells, Wells Fargo, Midwest, East, Santander, Mexican, LA, Alabama , Arkansas , Louisiana , Missouri, Tennessee, River City, City, San Antonio , Texas, Bexar County, New Mexico, Santa Fe, Espanola, Mora , Taos, Rio Arriba , Taos , Torrance, San Miguel, Colfax, Mora County, Tucoemas, California, Visalia, Tulare, Porterville, Tulare County , California, Miami , Florida, Puerto Rico, North Jersey, North Jersey Federal Credit Union North Jersey, American, New Jersey, Totowa, Newark, Elmwood, Bergen , Essex, Hudson , Middlesex, Morris , Passaic, Rio Grande, Albuquerque, Rio Rancho, Bernalillo County, Sandoval County, Brooklyn Cooperative Brooklyn, New York, Bushwick, Bedford, Stuyvesant, Brooklyn, Texas, Del Rio, Eagle, Crystal City, Crockett, Dimmit, Edwards, Frio, Kinney, LaSalle, Maverick, Real, Terrell, Uvalde, Val Verde, Zavala, Caprock, Seminole, Borden County, Dawson County, Lynn County, Gaines County, Garza, Galveston , Texas, Galveston County, FirstLight, El Paso , Texas, Las Cruces , New Mexico, El Paso County, Dona Ana, Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson, Carrollton, Cedar Hill, Dallas, Irving, Houston, Mesquite, Garland, Dallas County, Houston County, McGregor , Texas, Brownsville, Edinburg, Harlingen, McAllen, Mission, San Benito, Eastside San Antonio, Odessa, Midland, Midland County, Ector, Austin , Texas, Travis County, Washington, Adams Mortgan, Mt Pleasant, Columbia, Georgetown, States, Chevron
☆ Understanding CD maturity: Your options and what to expect
  + stars: | 2024-07-23 | by ( Sophia Acevedo | Laura Grace Tarpley | Banking Editor | ) www.businessinsider.com   time to read: +8 min
You'll receive a notice from your bank when your CD maturity date is approaching. We'll explain the CD maturity process and what to do when a term ends so you know your options. What happens at CD maturityWhen a CD reaches maturity, that means your term is about to end. What the CD grace period meansFinancial institutions will specify in the bank account agreement a grace period to make changes to your account. The most common CD maturity dates range from six months to five years after you open an account.
Persons: You'll, Banks, you've, Marcus, you'll, Alvin Carlos, Carlos Organizations: Alliant, of America, Bethpage Federal, Chase, Citi, Federal Credit, PNC, Federal, Savings, Synchrony, Truist, CFA, District Capital Management, Governors, Federal Reserve, Bank Locations: Bethpage, Wells Fargo
☆ Navigating Overdraft Refunds: How to Get Refunded at Banks
  + stars: | 2024-07-23 | by ( Sophia Acevedo | Laura Grace Tarpley | Banking Editor | ) www.businessinsider.com   time to read: +13 min
How to request an overdraft refundAs soon as you see an overdraft fee on your account, check your bank's website for instructions on requesting an overdraft fee waiver or refund. With U.S. Bank's Overdraft Fee Forgiven program, you can waive overdraft fees for balances overdrawn more than $50 if you make a qualifying deposit before 11 p.m. What to do if you can't get your overdraft fees coveredUnfortunately, you might not always be able to avoid an overdraft fee. Enrolling in overdraft protection services can help you avoid overdraft fees in the future. Review your bank's overdraft protection options and choose the one that's best suited to your spending habits.
Persons: Banks, Overdraft, Chase, you've Organizations: Chase, Bank of America, Bank of America : Bank of America, Chase Bank, Wells, Wells Fargo Bank, Citibank, Citibank doesn't, . Bank, U.S, Truist, Truist Bank, PNC Bank, PNC, TD Bank, Fifth Third Bank, Fifth, Citizens Bank, Regions Bank, Consumer Financial Protection Bureau Locations: Wells Fargo, Wells, Chevron
☆ 55 Hispanic American-Owned Banks and Credit Unions, Sorted by State
  + stars: | 2024-07-22 | by ( Sophia Acevedo | Kit Pulliam | Banking Editor | ) www.businessinsider.com   time to read: +54 min
Today, there are 55 Hispanic American banks and credit unions that are FDIC or NCUA insured around the United States. Nave BankBranches: 0 (online-only)ATMs: 0Services: savings accounts, business banking, business loansNave Bank is currently only available for businesses, and has a waitlist to join. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated in September 2023. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. Results from the study found that Hispanic Americans made up a greater percentage of those who took out home loans or small business loans at Hispanic American banks in comparison to non-minority banks.
Persons: Elizabeth, Winston, helms, They've, Fundación, Del, La Joya, Weslaco, Juntos Avanzamos, Big, it's, Russell D, You'll, Kashian, Pablo DeFilippi, They're Organizations: U.S . Virgin Islands, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode, South, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC West Virginia Wisconsin, Virgin Islands, Centinel Bank of, Community Reinvestment, U.S . Virgin, California, California Camino Federal Credit Union, Services, Imperial Credit, Imperial Credit Union, Sun, Federal Credit Union, ATM, Union, Paramount, Bank, Boca, Citibank, Bank of America, Fifth Third Bank, Commercial Bank of, SBA, Zelle Community, Miami West Palm, International Finance Bank, Miami, Zelle, North Miami Beach, Popular Bank, Popular Foundation, Banco Popular, Sunstate, Century, Century Bank, CUHere, Mastercard, Illinois, New, New Jersey Popular Bank, U.S ., Ponce Bank, MoneyPass, Citibank Branch, Mexico Community, Bank Las, ATV, Taos ), Centinel Bank, Guadalupe Credit, Guadalupe Credit Union, Zia Credit, Zia Education Foundation, New York International Finance Bank, Banco Popular de Puerto Rico . North Carolina Latino Community Credit, Latino Credit Union, Oklahoma Bank of Grand, Puerto Rico Banco Popular, Banco Popular de Puerto Rico Services, Banco, Hato, Caribe, COOP24, ShareNet Network Services, Puerto Rico, Puerto Rico Services, Nave Bank, Oriental Bank, Enactus Puerto Rico . Puerto Rico Federal Credit Union, CIRRUS, Texas Bank of South, Border Federal Credit Union, Stripes, Citizens, Community Credit, Corpus, Oklahoma Services, Commerce, International Bancshares Corporation, International Bank of Commerce . International Bank of Commerce, International Bank of Commerce, Edinburg Teachers Credit, Falcon International, Habitat, Humanity, South Texas Food Bank, Laredo WBCA, Freedom Bank, GECU Credit Union, GECU Foundation, Gulf, Gulf Coast Federal Credit Union, Commerce Bank, Zapata, Laredo Federal Credit Union, Stripes Stores, Lone Star National Bank, First, Rally, Chase Bank, River City Federal Credit Union, Rio Grande Valley Credit Union, Naft Credit Union Services, SecurityFirst Credit Union, Southwest Heritage Credit, Wink, Texas, Mission, Virgin Islands Popular Bank, DC, Global, Finance, FDIC, National Credit Union, Hispanic, American, Banco Popular de Puerto Rico, Chevron, Federal Reserve Bank of Dallas, Progress, University of Wisconsin, Whitewater, Economic Research, River City Credit Union, UCLA, Politics, Inclusiv Network Locations: Puerto Rico, U.S, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi, U.S . Virgin Islands Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon, South Carolina South Dakota Tennessee Utah Vermont, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC West, South Carolina South Dakota Tennessee Utah Vermont Virginia Washington Washington DC West Virginia Wisconsin Wyoming, Virgin Islands Puerto Rico, American, Centinel Bank of Taos, United States, Alabama, Alaska, Arizona, Arkansas, California Camino, Montebello, El Centro, Brawley, Calexico, Holtville, Imperial, Indio, Palm Springs, Orange County, Whittier, Colorado, Connecticut, Delaware, Boca Raton, Coral Gables, Hallandale Beach, Lake Worth, Palm Beach, Aventura, Hialeah, Miami, West Palm Beach, Commercial Bank of California, Anaheim, Costa Mesa, Irvine, Los Angeles, Santa Monica, Claremont, Monterey Park, Tarzana, Hialeah , Miami, Aventura , Miami, Tampa, Doral, Fort Lauderdale, Miami Beach, Miami Lake, Orlando, Pinecrest, West Miami, Weston, Miami Lakes, North Miami, Sunrise, Fort Lauderdale , Miami, Virgin, Banco Popular de Puerto Rico, Hollywood, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, Elizabeth, Newark , Perth Amboy, West New York, Neward, Perth Amboy, U.S . Virgin, Ponce, Union City, Mexico, Bank Las Vegas, Las Vegas, Mora, Vegas, Taos, Santa Fe, Espanola, El Prado, Los Alamos, Espanola , Santa Fe, New York City, New York, Astoria, Bronx , Brooklyn, Forest Hills, Jackson Heights , New York, Elmhurst, Forest Hills , New York, Ridgewood, Elmhurst , New York, Banco Popular de Puerto Rico . North Carolina, Charlotte, Durham, Fayetteville, Garner, Greensboro, High, Monroe, Raleigh, Winston Salem, Dakota, Ohio, Oklahoma Bank of Grand Lake, Grove, Langley, Oregon, Pennsylvania, Puerto, Puerto Rico Banco Popular de Puerto Rico, Banco Popular de Puerto, de Puerto Rico, USA, Hato Rey, Caribe Credit, Guaynabo, San Juan, Enactus Puerto Rico . Puerto Rico, Aguadilla, Caparra, ATH, NYCE, Rhode, Carolina, Tennessee, Texas Bank of South Texas, Edinburg, Hebbronville, Kingsville, McAllen, Mission, Del Rio, Eagle, Crystal City, Rio Grande City, Corpus Christi, Kingsville , Portland, Laredo, Texas, Oklahoma, Brownsville, Zapata, El Paso, Buda, San Antonio, San Marcos, South Texas, Freer, San Diego, Gulf Coast, Port Aransas , Portland, Joya, Palmview, Alton, Harlingen, Hidalgo, Pharr, Port Isabel, Roma, South Padre, Christi, San Benito, Aransas, Beeville, Calallen, Portland, Rockport, Weslaco, Edcouch, Elsa, River City, Rio Grande Valley, Odessa, Allen, Alpine, Andrews, Greenwood, Kermit, Lubbock, Midland, Monahans, Pecos, Wink, Mercedes, Utah, St, Croix, Thomas, Tortola, Virgin Gorda, Banco Popular de Puerto Rico . Vermont, Virginia, Washington, DC, Wisconsin, Wyoming, America, Chevron
☆ Watch CNBC's full interview with Fifth Third Bank CEO Tim Spence
  + stars: | 2024-07-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fifth Third Bank CEO Tim SpenceFifth Third Bank CEO Tim Spence joins 'Money Movers' to discuss the regional bank's second-quarter earnings, technical outages, and more.
Persons: Tim Spence Fifth, Tim Spence Organizations: Fifth Third Bank, Tim Spence Fifth Third Bank
☆ Fifth Third Bank CEO on global technical outages
  + stars: | 2024-07-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFifth Third Bank CEO on global technical outagesFifth Third Bank CEO Tim Spence joins 'Money Movers' to discuss the major technical outages and more.
Persons: Tim Spence Organizations: Third Bank
☆ Fifth Third bank hit must pay penalties for repossessing cars and forcing auto insurance on customers
  + stars: | 2024-07-09 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +2 min
The CFPB said it was imposing penalties on the bank for illegally charging customers for unnecessary auto insurance policies. “Fifth Third Bank demanded borrowers pay for coverage they did not need or else face delinquency, additional fees and repossessions,” the agency said in a statement. For its illegal auto insurance activities, the bank must pay $5 million in redress to affected customers, the CFPB said. In 2015, the bank was ordered to pay $18 million to harmed Black and Hispanic borrowers in what CFPB charged was discriminatory auto loan pricing. And it was ordered to pay $3 million to harmed consumers and a $500,000 penalty for illegal credit card practices.
Persons: ”, Rohit Chopra, CFPB, incentivize, ” CFPB, Susan Zaunbrecher Organizations: New, New York CNN — Fifth Third Bank, Consumer Financial, Bureau, Third Bank, Bank, Fifth Locations: New York, Cincinnati , Ohio, Midwest
☆ Friday's analyst calls: Studio stock to rally more than 70%, what the Street says about Dell earnings
  + stars: | 2024-05-31 | by ( Hakyung Kim Fred Imbert | Hakyung Kim | Fred Imbert | ) www.cnbc.com   time to read: +9 min
Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.
Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's
☆ The next airport terminal lounge or club you pass may also be a bank branch
  + stars: | 2024-05-03 | by ( Kevin Williams | ) www.cnbc.com   time to read: +9 min
"One woman wanted to rent my office to work," remembers Lisa Slocum, the airport Fifth Third Bank branch manager. Capital One closed its branch at Washington, D.C.'s Dulles International Airport in 2020, instead creating "airport lounges" for cardholders in Dulles, along with similar spots at airports in Denver and Dallas. Yet full-service airport bank branches are a relative rarity, surprising in a retail landscape that often resembles an upscale mall more than a terminal. Fifth Third BankWells Fargo operates a full-service branch in Las Vegas's Harry Reid International Airport, and according to a bank spokeswomen, has a multi-year relationship with the airport that involves both the branch and multiple ATMs throughout terminals. McAdam says ATMs and advanced-function kiosks are one thing, but a full-service branch, except maybe in the largest markets, is overkill.
Persons: Kevin Williams Nicolette Nelson, Nelson, It's, Lisa Slocum, Slocum, Hannah Thelen, Ashley Thelen, Mindy Kershner, CVG's, Marketing Brent Andersen, Andersen, that's, Chase, John Sieg, Sieg, Harry Reid, Wells Fargo, Brian Davis, Paul McAdam, Power, McAdam Organizations: Northern, Northern Kentucky International, Fifth Third Bank, Fifth, Bank, TSA, Third, Dulles, Airport, Capital One, Washington , D.C, Wings Credit Union, Paul International Airport, Wings, Marketing, JPMorgan Chase, PNC, Sky, Fifth Third Bank Wells, Harry Reid International Airport, Truist Bank, Hartsfield, Jackson Atlanta International Airport, Financial Locations: Fairbanks, Cincinnati, Northern Kentucky, Spain, Washington ,, cardholders, Dulles, Denver, Dallas, it'd, Kentucky, Minneapolis, St, Las, Vegas, New York City, New York
☆ J&J advances $6.475 billion settlement of talc cancer lawsuits
  + stars: | 2024-05-01 | by ( ) edition.cnn.com   time to read: +3 min
It will begin a three-month voting period in hopes of reaching consensus on a settlement of all current and future ovarian cancer claims. Ovarian cancer claims account for 99% of the talc-related lawsuits filed against J&J (JNJ), including about 54,000 lawsuits that are centralized in a New Jersey federal court proceeding. In March, J&J received a new chance to contest the scientific evidence linking talc to ovarian cancer in the centralized litigation in New Jersey federal court. But, the litigation has resulted in some large verdicts for plaintiffs, including a $2.12 billion award in favor of 22 women who blamed their ovarian cancer on asbestos in J&J talc. In the past month, J&J was recently ordered to pay $45 million in a mesothelioma case while winning an ovarian cancer case.
Persons: York Reuters — Johnson, Johnson, J, LTL Organizations: York Reuters, J, LTL, & $ Locations: York, New Jersey
☆ Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
  + stars: | 2024-05-01 | by ( Annika Kim Constantino | ) www.cnbc.com   time to read: +1 min
Johnson & Johnson baby powder is displayed in San Anselmo, California, on April 5, 2023. Johnson & Johnson on Wednesday said it will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer. It will begin a three-month voting period for claimants, in hopes of reaching a consensus on a settlement of all current and future ovarian cancer claims. About 99% of the talc-related lawsuits filed against J&J and its subsidiaries stem from ovarian cancer. The pharmaceutical giant said it has already resolved 95% of mesothelioma lawsuits filed to date.
Persons: Johnson, J Organizations: LTL, J Locations: San Anselmo , California
☆ The banking system is very sound: Fifth Third Bank CEO one year after Silicon Valley Bank's collapse
  + stars: | 2024-03-05 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe banking system is very sound: Fifth Third Bank CEO one year after Silicon Valley Bank's collapseTim Spence, Fifth Third Bank CEO, joins 'Closing Bell Overtime' to talk the state of regional banks one year after the collapse of SIlicon Valley Bank.
Persons: Tim Spence Organizations: Third Bank, Fifth Third Bank Locations: Silicon
☆ A man robbed a bank days after being found not guilty of robbing a different bank, prosecutors say
  + stars: | 2024-01-25 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +2 min
Read previewA man recently declared innocent of bank robbery robbed a different bank within days of the verdict, according to federal prosecutors. Mohamed Worku, 31, is accused of bank robbery and theft after silently handing a demand note to a teller at an Illinois Citibank on January 22, court documents show. Less than a week earlier, Worku was found not guilty in a strikingly similar case dating back to December 2021. Prosecutors have now said that on Monday, three days after his acquittal, Worku handed a Citibank teller a note that read: "Please give me the money. AdvertisementA note allegedly written by Mohamed Worku and shown to an Illinois Citibank employee on January 22, 2024.
Persons: —, Mohamed Worku, Worku, Mary Judge, Banker's gife Organizations: Service, Business, Illinois Citibank, Fifth Third Bank, Chicago Tribune, Prosecutors, Citibank, Federal Locations: Illinois
☆ Argentina's economy chief frontrunner pitches Milei's 'shock' therapy to banks - sources
  + stars: | 2023-11-24 | by ( Jorgelina Do Rosario Jorge Otaola | Jorgelina Do Rosario | Jorge Otaola | ) www.reuters.com   time to read: +4 min
[1/2] Former governor of Argentina's central bank, Luis Caputo, speaks during a news conference in Buenos Aires, Argentina May 4, 2018. In the meeting, however, Caputo declined to confirm that he would be the new economy minister, two of the sources said. The roadmap is orthodox and without crazy things," Caputo told the assembled bank representatives, according to a senior banking source who attended the meeting. Earlier on Friday, though, he said shutting the central bank was "non-negotiable". The second bank source said Caputo had discussed the need to fully attack inflation and lower the Leliq pile, though did not have details on how this would be done.
Persons: Luis Caputo, Marcos Brindicci, Javier Milei, Caputo, Milei, Mauricio Macri's, Javier Bolzico, ADEBA, Milei's, " Caputo, Jorgelina, Jorge Otaola, Adam Jourdan, Alistair Bell Organizations: REUTERS, La, Reuters, Thomson Locations: Argentina's, Buenos Aires, Argentina, BUENOS AIRES, Argentine, Rosario
☆ Companies Hesitate on Specialized Industry Clouds
  + stars: | 2023-11-21 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: 1 min
Daniel Seay, CIO of Fifth Third Bank’s commercial bank division, says he hasn’t seen a ’catalyst’ for using a banking-specific cloud. Photo: Stephen Zenner/Zuma PressCloud platforms specialized for given industries are off to a slow start, with some companies saying they simply don’t need them, thanks to existing software and their own customizations. “There hasn’t been a catalyst to say, ‘I’m gonna go with an industry-specific cloud’,” said Daniel Seay , chief information officer of Fifth Third Bank’s commercial bank division. “I can use my private cloud or I can use one of the hyperscalers along with another software firm and meet my needs in a more cost-effective, proven way at this point.” (Hyperscalers refers to the largest cloud companies, among them, AWS, Microsoft Azure and Google Cloud.)
Persons: Daniel Seay, Stephen Zenner, hasn’t, I’m, ” Organizations: Zuma, Microsoft, Google
☆ Disney will soon own all of Hulu. Here's how the company got here and what's next.
  + stars: | 2023-11-11 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +10 min
Disney has offered to pay Comcast $8.6 billion to take full control of Hulu. Disney is already in the process of rolling out a unified app that'll make Hulu's general entertainment content available in Disney+ . "With Hulu firmly in the Disney fold, they can create their own mini-bundle with kids and family (Disney +), general entertainment (Hulu), and sports (ESPN). The valuation also has to take into account that Hulu contains an entire Disney basic cable network, FX on Hulu. Netflix is set to spend $17 billion on entertainment content in 2024, while Disney is poised to spend $15 billion.
Persons: Bob Iger's, —, Bob Iger, Hulu —, what's, Comcast's NBCUniversal, pare, he's, Jonathan Miller, Brian Roberts, there's, Bernstein, Laurent Yoon, Read, Jordan Helman, Max, Puck, Disney, Bernstein's Yoon Organizations: Disney, Comcast, Hulu, Service, YouTube, News, Century Fox, Marvel, Netflix, Integrated Media, ESPN, ABC, LightShed Partners, Warner Bros, Wall, Paramount Global, Paramount, Showtime, HBO Max, Macquarie Equity Research, Media, Disney Disney, Hollywood Locations: Disney, Hulu, Canada, India, Hollywood
☆ Biden’s Only Salvation: A New Vice President
  + stars: | 2023-10-27 | by ( Holman W. Jenkins | ) www.wsj.com   time to read: +1 min
The House Oversight Committee wants to see more than 5,000 emails Vice President Biden sent using a pseudonym, while a third bank memorandum details further allegations of payments to the Biden family and its business associates. Images: AP/Zuma Press Composite: Mark KellyThe obvious solution is for Joe Biden to get a new vice president. In the best of circumstances, she’d be the wrong vice president now—too domestic, too ticket-punchy—for a country facing international dangers with a superannuated president. What president doesn’t return to his home state after his term to give his successors elbow room in D.C.? Mr. Obama doesn’t.
Persons: Biden, Mark Kelly, Joe Biden, Kamala Harris, she’d, Barack Obama, doesn’t, Obama doesn’t Organizations: Zuma
☆ When the Justice Department Spied on Congress
  + stars: | 2023-10-27 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
The House Oversight Committee wants to see more than 5,000 emails Vice President Biden sent using a pseudonym, while a third bank memorandum details further allegations of payments to the Biden family and its business associates. Images: AP/Zuma Press Composite: Mark KellyThe Justice Department’s Crossfire Hurricane investigation is the fiasco that keeps on giving, and look no further than this week’s revelations of abuse of power. The latest news is that Justice snooped on the Congressional investigators who dared to conduct oversight of its snooping on the 2016 Trump campaign. Numerous current and former congressional staffers have learned that Justice subpoenaed their personal phone and email records in 2017, likely under the pretext of a leak investigation. The targets included Republican and Democratic staffers in the Senate and House.
Persons: Biden, Mark Kelly, snooped Organizations: Zuma, Trump, Republican, Democratic, House
☆ Fifth Third expects further interest income weakness after quarterly profit falls
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Joe Skipper/File photo Acquire Licensing RightsOct 19 (Reuters) - Fifth Third Bancorp (FITB.O) said on Thursday it expects interest income (NII) to decline again in the current quarter after posting a 1.3% fall in third-quarter profit. The bank's net interest margin in the quarter contracted to 2.98% from 3.22% a year earlier. Cincinnati, Ohio-based Fifth Third sees net interest income - the difference between the interest banks earn on loans and pay out on deposits - down roughly between 1% and 2% in the fourth quarter. Fifth Third's third-quarter NII fell 4% from a year earlier to $1.44 billion. Average deposits at Fifth Third were up 4% at $165.64 billion in the third quarter compared with a year earlier.
Persons: Joe Skipper, Tim Spence, Pritam Biswas, Krishna Chandra Organizations: Fifth Third Bank, REUTERS, Third Bancorp, Fifth, Thomson Locations: Boca Raton , Florida, Cincinnati , Ohio, Bengaluru
☆ Fifth Third Bank CEO: Our credit metrics have been very well-behaved as delinquencies declined
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFifth Third Bank CEO: Our credit metrics have been very well-behaved as delinquencies declinedFifth Third Bank CEO Timothy Spence joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the lower-than-expected credit provisions, and the risks Fifth Third is willing to take going forward.
Persons: delinquencies, Timothy Spence Organizations: Third Bank, Fifth Third Bank
☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
  + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com   time to read: +3 min
Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.
Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic
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