Category: Business

Eversource Energy, the largest utility company in New England, has announced that it has left the American Gas Association (AGA), a powerful trade group that represents the interests of the natural gas industry. The utility said that it made the decision to focus on its decarbonization efforts and reduce its greenhouse gas emissions. Eversource’s climate strategy Eversource, which serves about 4 million customers in Connecticut, Massachusetts, and New Hampshire, provides…

New platform to freeze scam payments in real time The Australian Banking Association (ABA) has announced the launch of a new platform that will help banks act quickly to freeze money being sent to scammers by allowing the reporting of bank-to-bank scam payments in close to real time. The platform, called the Fraud Reporting Exchange (FRX), will facilitate the quick reporting of fraudulent payments as they are transferred to another…

S&P Global, one of the world’s leading credit rating agencies, has recently downgraded the credit ratings and revised the outlooks for several US banks. These include Associated Banc-Corp, Valley National Bancorp, UMB Financial Corporation, Comerica Bank, KeyCorp, S&T Bank, and River City Bank. This action follows a similar move by Moody’s, which cited weaker profitability and funding risks as factors that will likely test the credit strength of the banking…

Farmers Insurance Federal Credit Union (FIGFCU), a $1.5 billion asset-sized credit union serving over 60,000 members nationwide, has announced the launch of its new digital banking platform, Tulee, powered by Constellation Digital Partners (Constellation), a leading cloud-native digital banking services provider. Tulee, which went live earlier this summer, offers FIGFCU members a more enhanced, personalized, and seamless digital banking experience across devices. Tulee: A Customizable and Holistic Digital Banking Experience…

A strategic partnership to enhance vendor management and optimization True Digital Group, a provider of the industry’s first digital vendor optimization network that supports financial institutions in their discovery, implementation, and monitoring of technology vendors, today announced a strategic partnership with Ncontracts, the leading provider of integrated vendor, compliance, and risk management solutions to the financial industry. The partnership will provide banks and credit unions with a more robust and…

The US banking sector is facing a turbulent period as credit rating agencies deliver successive downgrades to several banks. S&P Global and Moody’s have recently lowered credit ratings for regional banks, causing ripples across the financial landscape. These actions come against the backdrop of a challenging lending environment, where factors like weaker funding, deposit outflows, and rising interest rates have raised concerns. S&P Global Downgrades Five Regional Banks S&P Global…

The banking sector is facing a lot of challenges in 2023, such as stricter regulations, higher interest rates and scrutiny from U.S. rating agencies. These factors have made financial stocks look cheap and attractive, but investors should be cautious before buying them. Here are some reasons why: Wells Fargo and Morgan Stanley are under pressure Two of the banks that are considered solid and cheap by some analysts are Wells…

Britain to scrap EU bonus cap for bankers Britain is set to remove the cap on bonuses for bankers that was imposed by the European Union after the global financial crisis. The move is part of the country’s post-Brexit strategy to ease financial regulations and attract more talent and capital to its financial sector. The Bank of England and the Financial Conduct Authority are expected to announce the outcome of…

Nvidia, the leading artificial-intelligence chipmaker, has been receiving rave reviews from CNBC’s Jim Cramer, who recently cited it as one of the reasons why tech stocks deserve a premium valuation. Cramer, who has long been a fan of Nvidia and its “Magnificent Seven” peers, said that the company has a great product and a huge opportunity in the AI market. Cramer’s History with Nvidia Cramer, who hosts the popular show…

Printing Impressions is a website that provides news, insights, and resources for the printing industry. It covers topics such as digital printing, production inkjet, mailing and fulfillment, color management, workflow software, and more. Printing Impressions also publishes webinars, podcasts, blogs, and reports that showcase the latest trends and best practices in the print industry. Printing Impressions Highlights the Success Stories of Printers One of the features of Printing Impressions is…