Rate Risk Worries Returning to the Picture
A timely confirmation is expected for Kevin Warsh to be the next Federal Reserve Chair, with Jay Powell remaining on the Fed’s board until his term ends in January 2028 (awkward). While we don’t know exactly what will happen with…
Easy to Swipe, Harder to Pay
The Federal Reserve’s Open Market Committee meets April 29 to decide on interest rates, likely the last meeting chaired by Jay Powell before his term ends May 16. Credit card debt, one area greatly affected by interest rates, continues to…
When Does 31 + 36 = 23?
In banking, rankings-not math-make 31 + 36 equal 23. Banco Santander (the 31st largest U.S. bank) plans to acquire Webster Financial (the 36th largest). Combined, they would form the 23rd largest U.S. bank, with about $188 billion in assets, The…