
News from American Banker
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Top American Banker News

Federal Reserve · United StatesThe Federal Reserve on Wednesday voted to take a break from a recent run of interest rate cuts, as the central bank navigates questions about its independence and awaits a new leader.See the Story
Fed keeps interest rates steady after three consecutive rate cuts
64% Center coverage: 247 sources

Business · United StatesAmazon is closing all 57 Fresh grocery and 15 Go convenience stores as it realigns its grocery strategy around online delivery and Whole Foods.See the Story
Amazon Shifts Grocery Focus To Online And Whole Foods As It Closes All Fresh And Go Stores
80% Center coverage: 5 sources

United States · United StatesDigital financial services giant Nu received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a new national bank in the United States, according to a Thursday (Jan. 29) press release.
The new entity, to be known as Nubank, N.A., represents a significant milestone in the company’s long-term strategy to expand its operational footprint beyond its core Latin American markets. The national bank ch…See the Story
Nu Wins Conditional Approval for US National Bank Charter
100% Right coverage: 1 sources