Fintechs push Mexico interest rates to 15% in battle for savers
Just a week after Brazil’s Nu Holdings announced a yield of 15% on its high-yield savings accounts in Mexico, Argentina’s Ualá is raising its own by three percentage points to 15%. The speed of the decision highlights the frantic battle for customer acquisition.
Synchrony sells pet insurance unit, cashing in on pandemic-era boom
Synchrony Financial bought Pets Best ahead of a pandemic-driven boom in the pet insurance business. Now it's selling the subsidiary for a $750 million after-tax gain.
Conforming loan limit boosted 5% by FHFA
The hike was driven by modest home price gains this year, following a larger conforming loan limit boost in 2022 in reaction to then-double-digit home price growth.
Fed’s Barr: CRA update gives banks more ways to engage indigenous tribes
The Federal Reserve's vice chair for supervision said new definitions around community development activities and the ability for banks to invest outside their immediate assessment areas could be a boon to Native Americans and their communities.