Fifth Third Bancorp's quarterly profit falls on lower interest income Fifth Third Bancorp posted a 10% drop in first-quarter profit on Friday as higher deposit costs weighed on the lender's interest income. Regional banks have steadily increased the interest rates they ... 04/19/2024 - 12:41 am | View Link
'Higher-for-longer' hits U.S. Bancorp as funding costs stay elevated After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million. 04/17/2024 - 3:06 pm | View Link
U.S. Bank cuts outlook for interest income in 2024 U.S. Bank executives said they hope to see some recovery in net interest income during the second half of 2024, but didn't provide a clear timeline, noting that a revival would be partly contingent on ... 04/17/2024 - 6:01 am | View Link
Elevated Interest Rates Are Pushing U.S. Corporates Into Default The data is showing that high interest rates may be pushing U.S. companies into a default cycle. This should be of significant concern to banks that are exposed to leveraged corporates. 02/20/2024 - 12:48 am | View Link
They say what happens in Vegas stays in Vegas. But with the Craft Brewers Conference underway there, the results of the event’s hallmark competition, the World Beer Cup, were bound to get out.
On Wednesday night, beermakers from around the globe celebrated their accolades in what’s billed as the industry’s largest and most prestigious competition.
Relationships helped seal the deal for Jackson to take over as Cedar Park's chief economic development officer earlier this month. He handled economic development at Opportunity Austin from 2015 to 2021 and had since been serving as senior vice president of the Tulsa Regional Chamber in Oklahoma. He recently spoke with the ABJ about how he intends to grow a suburb that already has a stout reputation for raking in residents and businesses.
Dorinda Fears refuses to give up, which speaks to her most significant career achievement: her journey from a position without a degree to her current role over operations.