St. Louis Fed Pushes For Mass Testing Over Quarantine

PYMNTS

James Bullard, president of the St. Louis Federal Reserve, estimated that the quarantine is costing the U.S. We should be thinking about risk management,” Bullard said, according to a Tuesday (April 14) report in the St. Louis Regional Chamber.

St. Louis Fed: Widespread Virus Testing Needed To Reopen US Economy

PYMNTS

The president and CEO of the Federal Reserve Bank of St. Louis said while the coronavirus pandemic has crippled the economy, it could quickly rebound if everyone gets tested for the virus. James Bullard, speaking on a webcast with the St. Louis Post-Dispatch reported.

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Perficient St. Louis Rolls out 1st Annual Bowling Event

Perficient Financial Servies

Perficient St. Louis colleagues spared* some time Tuesday afternoon to take part in some friendly competition at the local bowling alley. “We had over 70 people show up and it was a ton of fun,” said Jason Hudnell, general manager, St. Louis Operations. Life at Perficient Life at Perficient St. Louis

St. Louis Office Rolls out 1st Annual Bowling Event

Perficient Financial Servies

Perficient colleagues in St. Louis spared* some time recently to take part in friendly competition at a local bowling alley. A total of nine teams comprised of colleagues from eight different departments hit the lanes for the 1st Annual STL Bowling Event, hosted by the St. Louis office’s culture committee. “We had over 70 people show up and it was a ton of fun,” said Jason Hudnell, general manager, St. Louis Operations. louis

Groupon Expands Food Delivery Service To St. Louis

PYMNTS

Groupon announced on Wednesday (Oct.12) that its on-demand food delivery service, Groupon To Go, has expanded to St. Louis. We’re thrilled to bring Groupon To Go to St. Louis and give our customers easy access to the food they want, when they want it,” said Dan Roarty, senior vice president of restaurants at Groupon, in the press release. “St. Groupon has a delivery presence in more than 40 markets, and St. Louis is the third to use the Groupon To Go brand.

How a Globalizing Payments Market Brought St. Louis and a Melbourne-Based FinTech Company Together

Let's Talk Payments

Now more than ever, the payments market is becoming global, evident by studying the Asian and Australian markets which are two of the largest markets for financial services and financial. Fintech Insights Asia Europe insights US

Fed’s Bullard Puts Positive Spin On Economy Despite Steep Job Losses

PYMNTS

economy, St. Louis Federal Reserve President James Bullard says he doesn’t think the situation is a plummeting “free fall” as others have speculated. Bullard said his team’s estimates, which are available at the St. Despite the coronavirus’ rampant shifts to the U.S.

Fed’s Bullard calls for three-month work break to fight pandemic

American Banker

James Bullard Coronavirus Federal Reserve Bank of St. Louis Public health

Why U.S. Bancorp Is Building Credit Union Branches in St. Louis

American Banker

An unusual investment by the Minneapolis company shows how big banks are developing innovative partnerships to deliver financial services in low-income neighborhoods. dealmaking-strategy underbanked mo national-regional

The Welcoming World of Perficient

Perficient Financial Servies

Life at Perficient We Value Life at Perficient St. Louis PeopleOur Perficient colleagues share how they live and breathe our core values. Here, Becky Montemayor, Alliance Manager, E-Commerce Partnerships, writes about how welcoming and collaborative the people are here at Perficient.

Credit Union Mergers Under Scrutiny

New York's State of Mind

Compliance General Regulatory banks credit unions purchases St. Louis Federal Reserve BankThe banking industry likes to blame everything from the Ebola virus to the demise of the community bank on the fact that credit unions do not pay corporate taxes.

Perficient Grows with Innovation

Perficient Financial Servies

Life at Perficient We Value innovation Life at Perficient St. LouisOur Perficient colleagues share how they live and breathe our core values. Here, Kelley Farrell, Digital Marketing Coordinator, writes about how innovation inspires and leads to growth.

Midwest BankCentre incorporates new tech with success of digital offshoot

Bank Innovation

Rising Bank, the digital offshoot of St. Louis-based Midwest BankCentre, gained $130 million in deposits in 2019.

Perficient Bike Team Hits the Road for the First Time

Perficient Financial Servies

Colleagues based in our St. Louis office recently started the Perficient Bike Club, a fun, non-competitive group made up of riders from all levels and experiences. Life at Perficient We Value Collaboration Community Involvement Life at Perficient St. Louis Perficient St.

Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

For Brice Luetkemeyer, president and CEO of Bank of St. Together with a group of other community banks, Bank of St. Elizabeth recently invested in Neocova, a St. Louis-based core banking startup that targets […].

Edward Jones Partners With SixThirty to Support Financial Technology Startups

Let's Talk Payments

LOUIS, MO – April 18, 2017 – Financial services firm Edward Jones today announced a multi-year partnership with SixThirty, a St. Louis-based venture fund that invests in financial technology (FinTech).

Lessons Learned: Banks that thrived during crisis grew loans slower prior to it.

Jeff For Banks

The St. Louis Fed recently performed a study to uncover the characteristics of community banks that thrived during the financial crisis. bank lending banking Federal Reserve Jeff Marsico Kafafian Group lending lending function loans McChesney Martin senior lender St. Louis Fed Thriving banks were defined as under $10 billion in assets, and maintained a composite CAMELS 1 rating in each exam cycle from 2006-11, an impressive accomplishment.

CEO Q&A: Opportunity Rising in the Midwest

ABA Community Banking

After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings to his role and how his bank is reaching underserved communities in the St. Louis area.

Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

Gold’s Gym Files For Chapter 11 Bankruptcy

PYMNTS

including Texas, Oklahoma, St. Louis and Carolina gyms, through March 31. In April, Gold’s announced on its Facebook page that it was permanently closing 30 gyms, mainly in the St. Louis, Alabama and Colorado Springs markets. Gold’s Gym International Inc.

Federal Reserve names Sapenaro as lead on payments initiatives

Payments Source

Dave Sapenaro, first vice president and chief operating officer at the Federal Reserve Bank of St. Louis, will oversee the Fed's payments system improvement initiatives. Faster payments

Beware the “waterholing” hack

ABA Community Banking

Louis Fed may have been most recent major victim Risk Management Cyberfraud/ID Theft. 1Risk Management

Today In Payments: Amazon Will Lower Affiliate Commissions; Agricultural Bank of China Pilots App That Supports CBDC

PYMNTS

Also, St. Louis Federal Reserve President James Bullard estimated that the quarantine is costing the U.S. Louis Fed Pushes for Mass Testing Over Quarantine.

5.09.18 Your morning briefing

Payments Source

Today: Facebook starts a blockchain unit; New York pushes ahead with cryptocurrency investigation; CPMI pushes security standards; St. Louis Fed recommends government virtual currency; Monzo adds proximity P2P technology. The information you need to start your day, from PaymentsSource and around the Web. Briefing

Goldman Sachs: US Unemployment To Hit 15 Pct; GDP May Drop 34 Pct In Quarter

PYMNTS

with St. Louis Federal Reserve President James Bullard saying he doesn’t see the markets as terribly damaged in the long run, and Minneapolis Federal Reserve President Neel Kashkari contradicting that, saying a quick recovery was unlikely.

A 'Road Map' Around Rate Risks, Courtesy of the Chicago Fed Chief

American Banker

LOUIS – Risk management is critical as small banks aim to make money in a low-rate environment. breaking_news community-banking dealmaking-strategy interest-rates fed commercial-lending law-regulation

Restaurants Expand Into Grocery To Mitigate Coronavirus Impact

PYMNTS

One St. Louis establishment, for its part, has started to provide locally made products like meats, eggs, jams and milk. .

The Smaller the Bank, the Harder the Reg Hit: Fed's Stackhouse

American Banker

Julie Stackhouse, head of supervision at the Federal Reserve Bank of St. Louis, discusses the insights that resonated at the regulator's recent community banking conference — some encouraging for the future of small financial institutions, others less so.

Survey: 46 Pct Of Americans Are At High Risk Of Layoffs

PYMNTS

More than 66 million jobs across fields such as retail, food service and sales are at a high risk of layoffs because of the coronavirus ‘ widespread decimation of the American economy and work culture, according to Yahoo Finance , citing a St. Louis Fed economist. The St.

Bitcoin Daily: Bitcoin Exchange Balances Drop Prior To Halving; Price Of Physical Gold Jumps As ‘Digital Gold’ Falls

PYMNTS

Research firm Coin Metrics examined the digital currency’s correlation with the five-year forward expectation rate that the Federal Reserve Bank of St. Louis publishes.

Coronavirus Refunds: Students Seek Refunds From NC Universities In Suits; Cardinals To Reimburse Fans For Tickets

PYMNTS

The St. Louis Cardinals are giving fans their money back for tickets to games in April as well as May, KSDK reported. The coronavirus pandemic is upsetting normal life the world over, and plenty of consumers want refunds on things they paid for but aren’t able to use.

Bezos: Global Testing Needed To Combat COVID-19

PYMNTS

Earlier this week, James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, said the crippled economy could quickly rebound if everyone gets tested for the virus.

Smart Questions (and Some Answers) About Community Banking

American Banker

Those questions were among the many addressed by researchers at the recent community banking conference in St. Louis hosted by the Federal Reserve and Conference of State Bank Supervisors. Does scale matter to a community bank?

Fed’s Kashkari: Quick Economic Rebound Unlikely

PYMNTS

Kashkari’s cautions are at odds with the opinions of St. Louis Fed President James Bullard , who said last week that he doesn’t think the economy is beyond saving.

Inside One of the Last of the Tarp Banks

American Banker

Only a dozen banks still owe the government Troubled Asset Relief Program money, and an unspecified number of others including Reliance Bancshares in St. Louis owe investors who bought their Tarp balances.