Banking and Lending

KeyBank to Use BlueSnap Payments Platform

August 9, 2022 | Reprints

KeyBank has selected Massachusetts-based financial technology company BlueSnap to provide a global payments platform for the bank’s middle market and institutional clients working in the e-commerce space.

What Taxes Are in Democrats’ Big Bill?

What Taxes Are in Democrats’ Big Bill?

By Lisa Mascaro | The Associated Press | August 8, 2022 | Reprints

Democrats’ compromise of health care, climate change and deficit-reduction strategies is paid for largely with new corporate taxes, including a 15 percent minimum tax on big corporations to ensure they don’t skip out on paying any taxes at all,

Inflation Weighs on Families’ Back-to-School Shopping

Inflation Weighs on Families’ Back-to-School Shopping

By Anne D'Innocenzio and Claire Savage | The Associated Press | August 3, 2022 | Reprints

This back-to-school shopping season, parents – particularly in the low to middle income bracket – are focusing on the basics while also trading down to cheaper stores amid surging inflation.

Ion Bank Adds to Board of Directors

Ion Bank Adds to Board of Directors

August 1, 2022 | Reprints | Unlock Link

As part of its recently completed acquisition of New Jersey-based Lincoln 1st Bank, Ion Bank’s board of directors has appointed David Scelba as a trustee of the bank’s holding company and member of the bank’s board of directors.

Inflation, Wage Data Suggest US Prices Will Keep Climbing

Inflation, Wage Data Suggest US Prices Will Keep Climbing

By Christopher Rugaber | The Associated Press | August 1, 2022 | Reprints

Inflation surged in June and workers’ average wages accelerated in the spring – signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing costs. An inflation gauge...

US Economy Shrinks for a Second Quarter

US Economy Shrinks for a Second Quarter

By Paul Wiseman | The Associated Press | July 29, 2022 | Reprints

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9 percent annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic...

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