USAlliance names new CEO, HSBC launches new account-opening portal
USAlliance Federal Credit Union names Harry Zhu as its next president and chief executive; HSBC launches business account-opening portal in 20 countries; Swift enters next phase of its central bank digital currency solution and more in the weekly banking news roundup.
From Caracas to Miami: One branch manager’s banking journey
Born in Venezuela, Lolita Perozo initially came to the U.S. to further her education and improve her English. Now 20 years into her banking career, she serves as a branch manager for Amerant Bank in Florida and is described by
Private equity is piling debt on itself like never before
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system.
Square’s Canadian cannabis deal plants seeds for U.S. growth
The payment company's partnership with tech firm Jane is focused on Canada, but it enables a quick expansion if the SAFER Banking Act passes.