article thumbnail

Transactions: Edward Jones partners with Citi for BaaS

BankInovation

Louis-based company will also integrate Citi Alliance, the bank’s lending service, into its platform to provide loans to its customers, according to an Edward Jones release. Wealth management company Edward Jones selected Citibank on Aug. 15 to provide bank accounts to its more than 8 million clients.

article thumbnail

Fed’s Kashkari: Quick Economic Rebound Unlikely

PYMNTS

Kashkari said the $350 billion in emergency stimulus funds passed by Congress last month wouldn’t fill the gaping hole left when most restaurants and retailers were forced to shut down or scale back. Kashkari’s cautions are at odds with the opinions of St. trillion to businesses and governments impacted by the pandemic.

St. Louis 159
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C The new locations will include Charlotte, North Carolina; St. area, Philadelphia and Boston.

St. Louis 145
article thumbnail

Which loan types are fueling bank growth?

Abrigo

Which areas of lending and what banks are driving the expansion? A recent issue of Banking Insights , published by the Federal Reserve Bank of St. Louis, revealed the answers by analyzing call reports of all U.S. Agricultural lending represents two percent, and all other loan types represent the remaining 12 percent.

St. Louis 150
article thumbnail

Excited To Help People

Independent Banker

Retail outlets: 11. When Gowen first arrived at Merchants & Planters in 1983 to serve as its president and senior lending officer, the bank had two branches and $47 million in assets. In 1998, the bank became one of the first financial institutions in the St. Central Region Award Recipient. Jim Gowen Sr. Newport, Ark.

St. Louis 105
article thumbnail

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Tipping system for retail point of sale. Louis, Missouri. HQ: Trieste, Tags: SMB, credit, lending, trade financing, underwriting, commerce. Tags: Consumer, credit, lending, loans, underwriting, investing, P2P. Here are the deals by size from 26 Dec to 31 Dec 2015: Weijinsuo. Person-to-person lender . HQ: Bejing, China.

article thumbnail

The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook

PYMNTS

Unemployment is below 4 percent, wages are growing and retail sales are surging. Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. So, time for party hats?

US 100