Banking & Savings

Rockport Music to buy bank building | Local News

ROCKPORT — A deal is in the works to allow both Rockport Music and the Institution for Savings to consolidate their operations. The Institution for Savings and Rockport Music have recently signed a purchase and sale agreement that would transfer the property at 16 Main St. from the banking company to Rockport Music. “The space will be primarily an administrative space for our staff, ...

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Luther Burbank Savings Completes $626 Million Securitization Of Multifamily Loans

SANTA ROSA, Calif., Sept. 27, 2017 /PRNewswire/ — Luther Burbank Savings announced today that it completed the securitization of $626 million of its multifamily loans through Freddie Mac sponsored Q Certificates.  Luther Burbank Savings will be the Sub-Servicer for the securitization.  All of the multifamily loans were originated within Luther Burbank Savings’ geographic markets along the west coast extending from Washington ...

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HSBC’s Beta app allowing customers to link accounts

HSBC is launching a new app which will allow customers to see all of their accounts on one screen, no matter who they bank with. At a launch event in London, This is Money saw the app demonstrated first hand as the banking giant looks to shed its legacy systems and keep up with glossy new start-up challengers who do ...

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Wema Bank promotes home ownership for youths

Wema Bank Plc has reiterated its commitment to give the millennials (the youths) the opportunity to save and have their own homes, own cars or go on vacation. Armed with over seven decades experience on providing banking services, Wema Bank introduced an insight-driven, innovative digital offering to Nigerians earlier in the year. The ALAT is Wema’s Digital Bank, the first ...

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HSBC plans to poach customers from rivals with new app

HSBC is seeking to poach customers from rivals with an app that aggregates bank accounts, as looming regulation threatens to weaken established lenders’ customer relationships. The UK-based bank is aiming to become the first high-street lender to launch an app next year that allows customers to see all their accounts — including those with other banks — in one place. ...

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Details Here – NDTV Profit

The bank has revised rate of interest on savings bank deposits with effect from October 10 to 3.50 per cent from 4 per cent existing rate ‘).appendTo($(‘#gta_top’));$(”).appendTo($(‘#gta_top’));},3000);} else if (google_ads.length > 1) {s += ”;}s += ‘ ‘}}return;}google_ad_client = “pub-7641565019577886”;google_ad_slot = “8438645248”;google_ad_width = 620;google_ad_height = 70;google_max_num_ads = 1;google_ad_type = ‘text’;google_ad_output = ‘js’; Syndicate Bank cut savings account interest rate by ...

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Mobile banking outfit Chime raises $18m

Chime, the leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing, led by global venture fund Cathay Innovation. With over 500,000 bank accounts opened since the company’s 2014 launch, this latest round of financing will be used to accelerate growth and to develop new products to improve financial ...

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