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Fed Lent $300B in Emergency Funds to Banks in the Past Week

Nearly half the money — $143 billion — went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank.

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The Challenge Facing Minority-Owned Businesses (Tania Martinez Commentary)

Minorities can take advantage of several Arkansas programs to help them launch and sustain new businesses.

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Two Stories to Watch (Lance Turner Editor's Note)

The fallout from two major business news stories last week will linger.

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Eric Mangham Promoted to Executive VP & CFO at Arkansas Federal Credit Union...

Mangham, who joined the credit union in 2012 as a senior financial analyst, is now responsible for all financial functions including accounting, finance and card services.

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Uninsured Deposits at Large Arkansas Banks

Almost 94% of the $175.4 billion deposited in failed Silicon Valley Bank as of Dec. 30 were uninsured. Here’s how the banks with the most deposits in Arkansas compare.

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Experts, Banks Look for Ideas to Stop Next Bank Failure

The search for causes and culprits — and solutions — is refocusing attention on a 2018 federal law that rolled back tough bank regulations.

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Corporate Borrowers Squeezed by Rising Rates

Companies that piled on debt throughout the pandemic and the economic recovery could be in for a tough road ahead as the bills come due.

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FNBC Names Trent Brown Community President for Jonesboro

Brown, who has more than two decades of banking experience, joined FNBC in 2022 as senior vice president.

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Chapel Ridge Sale Tops $9.1 Million (Real Deals)

The 122-unit apartment complex in west Little Rock was purchased by VA8 Stagecoach LLC.

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Yellen Says Bank Situation 'Stabilizing,' System is 'Sound'

Yellen, in her prepared remarks, says the government's intervention was necessary to "protect the broader banking system" and more rescue efforts could be necessary.

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Fed Faces a Blurrier Outlook as it Meets to Weigh Rate Hike

Most Fed watchers expect the central bank to announce on Wednesday afternoon a relatively modest quarter-point hike in its benchmark rate.

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Will Americans End Up Footing the Bill for Bank Failures?

The White House is desperate to avoid any perception that average Americans are "bailing out" the two banks in a way similar to the highly unpopular bailouts of the biggest financial firms during the...

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Poll: Americans' Faith in Banks Low After Failures

Only 10% of U.S. adults say they have high confidence in the nation's banks and other financial institutions, a new poll finds. That's down from the 22% who said they had high confidence in 2020.

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Army of Lobbyists Helped Water Down Banking Regulations

It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with...

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Public Pension Plan Losses From Bank Failures Seen as Minor

When two tech-linked U.S. banks failed this month, among the investors who lost millions were public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other...

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Ark Angel Alliance Appoints Amy Hopper Swan as New Board Chair

Marla Johnson of LeapXL and Courtney Little of ACE Glass are the latest board appointees for the angel investing network.

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Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil

The Fed chair also underscored that the central bank remains focused on fighting high inflation, which could require additional rate hikes.

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Andrea Chomakos Joins Bank OZK as Chief Fiduciary Officer

She comes to Bank OZK from McGuireWoods LLP of Richmond, Virginia, where she was a partner and served as co-chair of the firm’s fiduciary litigation practice.

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Average Long-Term US Mortgage Rate Falls to 6.42% This Week

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to 6.42% from 6.6% last week. The average rate a year ago was 4.42%.

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Credit Card Debt is at Record High as Fed Raises Rates Again

About 46% of people are carrying debt from month to month, up from 39% a year ago, according to Bankrate.com, an online financial information site.

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