Reposition
Chicago, Illinois
South Central Bank was approached by several financial institutions about a potential acquisition, and in an effort to increase value for the clients, employees and shareholders, bank evaluated each one and what the benefits would be for its customers. Bank was introduced to Verve, and quickly realized that they could bring the bank significant scale and resources to grow its operation, and could provide them with an expanded footprint, assets and employees that would add significant value to Verve.
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
President Joe Biden said he believes his administration has done a “pretty damn good job” working to resolve the banking crisis and said he thinks it will “take a little while for things to just calm ...
