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Market Commentary: Week of March 28, 2022

SWBC's LenderHub

We had shock and awe in the bond markets last week as Fed presidents and governors took to the airwaves stating they were amenable to multiple 50 basis point hikes at the remaining meetings in 2022 and beyond. It seems it was only yesterday that folks chuckled at St.

St. Louis 148
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Which Bank Will Blink on Rate?

Jeff For Banks

Times that had the average balance of a money market account go from $47 thousand at the end of 2005, to $129 thousand today (data taken from my firm's profitability peer database). I focused on the St. Louis also has a good baseball team. I looked at the top 10 deposit market share banks that were not SIFIs. Same bank.

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Coinsource Brings Bitcoin ATMs To The Midwest

PYMNTS

Coinsource , the largest network of bitcoin ATMs in the United States, recently announced it placed three new machines in St Louis, Missouri — the company’s first foray into the Midwest market. It’s fascinating when you see how some countries, like Switzerland, are exploring and accepting bitcoin.

ATM 101
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Experimental Robot In Supermarket Booted From ‘Job’

PYMNTS

Financial services firm Cornerstone Capital Group projected robots will capture between 6 and 7.5 A robot named Tally trawls the aisles of St. Louis grocery stores Schnuck Markets to check for items that need restocking, repricing due to error or reshelving due to messy placement.

St. Louis 121
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Lime Raises $310M For Micromobility Expansion

PYMNTS

Micromobility is a rapidly growing market that is here to stay, with millions of riders using e-bikes and scooters to commute,” the company said. The new funds will give us the ability to expand into new markets, enhance our technology, strengthen the team and pilot new opportunities. Louis Scooter Safety Task Force.

St. Louis 139
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Is commercial lending on the rise?

Independent Banker

Some banks are stepping up their efforts to take market share from competitors, as well as adding or expanding certain types of loans or specialty lending niches. First Business Bank is also experiencing good overall growth on the bank side serving business customers in its markets. And those SBA loans represent a sizable market.

Lending 158
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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The upcoming launches in the Midwest – in one city that is considered the capital of the region, and in another that is a growing destination for young, digitally-minded professionals, including those priced out of the Chicago housing market – represent more significant progress for the new mobile network technology. 5G Potential.

Mobile 168