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.
View ArticleThe Challenge Facing Minority-Owned Businesses (Tania Martinez Commentary)
Minorities can take advantage of several Arkansas programs to help them launch and sustain new businesses.
View ArticleTwo Stories to Watch (Lance Turner Editor's Note)
The fallout from two major business news stories last week will linger.
View ArticleEric 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.
View ArticleUninsured 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.
View ArticleExperts, 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.
View ArticleCorporate 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.
View ArticleFNBC 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.
View ArticleChapel Ridge Sale Tops $9.1 Million (Real Deals)
The 122-unit apartment complex in west Little Rock was purchased by VA8 Stagecoach LLC.
View ArticleYellen 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.
View ArticleFed 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.
View ArticleWill 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...
View ArticlePoll: 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.
View ArticleArmy 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...
View ArticlePublic 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...
View ArticleArk 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.
View ArticleFed 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.
View ArticleAndrea 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.
View ArticleAverage 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%.
View ArticleCredit 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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