Concerns about trade disputes and interest rates have made corporate borrowers hesitant, bankers at a Morgan Stanley conference said. Commercial loan growth has not weakened but the comments "suggest future pressure on loan growth," wrote Morgan Stanley analyst Ken Zerbe.
BB&T and SunTrust hired consultant Interbrand and asked employees for help renaming the merged bank, with "Truist" emerging from thousands of choices, BB&T executive Donta Wilson said. The combined bank still must decide on a logo and stock-ticker name.
Consumers who choose arbitration over court to settle grievances with Goldman Sachs' Marcus could have some of their expenses covered, bank officials said. The changes are intended to benefit consumers with small-dollar disputes, and they can decline arbitration altogether, Goldman officials said.
More than 600 companies and associations, including retailers such as Walmart and Macy's, have written President Donald Trump to appeal for an end to tariffs on China and for a return to negotiations. Meanwhile, growth of Chinese industrial output has reached a 17-year low.
Monzo, which has over 2 million customers in the UK, said it is planning to bring its product to the US market. Challenges will include differences in regulations and competition from Venmo, SoFi and banks.
Federal Reserve Gov. Lael Brainard has frequently been the only board member to vote "no" on plans that would ease regulations on banks. Brainard was appointed by former President Barack Obama in 2104 and has expressed concerns that dereglation efforts "may be whittling away at that core resilience of our financial system."
Student-loan borrowers whose households make less than $100,000 a year would have $50,000 of their debt erased and households making up to $250,000 would also see relief under a plan proposed by Sen. Elizabeth Warren, D-Mass. A Warren-commissioned analysis said three out of every four borrowers would have their loans paid off if the $640 billion-dollar plan became law.
You'll go further at work by rejecting the idea you have to provide all the answers, says former Microsoft executive Stefan Weitz. Admitting you don't know something encourages others to speak up, improving your ability to troubleshoot and resulting in more effective solutions.