Banking and Lending

Loyalty and Rewards in the Digital Age

One of the key weapons in banks’ arsenal as they fight for new customers is a robust rewards card offering. The key challenge is how to provide compelling offers that will attract and retain consumers in a profitable manner.

Papa John’s Taps Investment Banks Amid Pressure from Founder

Papa John’s Taps Investment Banks Amid Pressure from Founder

Papa John’s International Inc., the world’s third-largest pizza delivery company, has hired Bank of America Corp. and Lazard Ltd. to help find ways to stabilize the restaurant chain, which has come under pressure from its founder John Schnatter, people familiar with the matter said last week.

Morgan Stanley Halts Research Coverage of Tesla, Shares Rise

Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc., hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker’s shares up as much as 5 percent on Tuesday.

Wall St. Adds to Gains After Powell Comments

U.S. stocks added to their gains slightly on Friday after Federal Reserve Chair Jerome Powell said further interest rate hikes were the best way to protect the U.S. economic recovery.

A Fintech Partner Makes Sense for Serving Small Businesses

Small businesses represent untapped revenue potential for banks. They are showing a greater willingness to pay for financial products and tools that save them time and increase convenience, yet most banks are not reaping the benefits.

Simsbury Bank Hires New VP

Simsbury Bank Hires New VP

Simsbury Bank, a subsidiary of SBT Bancorp Inc., has hired John A. Beir as a vice president and senior relationship manager.