Browsing: Industries

Bank of America’s Community Development Banking division has delivered $7.8 billion in financing to support affordable housing and economic development in underserved communities across America. The financing includes $5.3 billion for affordable housing developments and $2.5 billion for community facilities, with the bank planning to increase its target to $8.5 billion next year.

Barclays Bank has resolved a major outage affecting its online and mobile banking services that left thousands of customers unable to access their accounts. The banking giant apologized for the disruption and has implemented additional system monitoring to prevent similar incidents in the future, while encouraging affected customers to contact customer service regarding any financial losses.

West Virginia farmers are increasingly adopting aerial technology to monitor and manage their agricultural operations, providing new perspectives and data for improved decision-making. This technological shift comes amid challenges from tariff changes and transportation issues, offering farmers a competitive edge during economically uncertain times.

A bipartisan group of newly elected U.S. Representatives is meeting with agricultural experts to address key farming industry concerns including trade policies, border issues, and transportation infrastructure. The lawmakers will participate in public forums and receive briefings on how technological advancements are transforming agricultural practices across the country.

Best Buy is following Walmart’s strategy of adopting Amazon-inspired e-commerce tactics to remain competitive through 2029. The electronics retailer is implementing an omnichannel approach, expanding data-driven personalization, launching subscription services, optimizing supply chains, and developing a third-party marketplace to blend digital convenience with physical store advantages.

Donald Trump’s proposal to dismantle the Department of Education has raised significant concerns about the future of trillions in student loans and billions in educational funding. The plan would require congressional approval and a comprehensive transition strategy to manage the department’s extensive financial responsibilities, with experts warning about potential disruptions to educational equity nationwide.

Veteran banker James Brixey is set to become the new CEO of Brownwood Banking, bringing his successful leadership approach from Katy Financial Services. Brixey plans to implement digital transformation initiatives while maintaining community-focused services to help the regional bank thrive amid industry challenges.

DBS Bank experienced a significant hours-long disruption to its digital banking and ATM services, affecting customers’ ability to access accounts and complete transactions. The outage has drawn regulatory attention, especially following similar incidents in the past year, and highlights the critical importance of reliable technology infrastructure in modern banking.

The incoming Trump administration’s healthcare policies are expected to create significant challenges across the industry. Key areas likely to be affected include pharmaceutical pricing, insurance market regulations, and healthcare technology innovation. Healthcare organizations are developing contingency plans and focusing on operational efficiency to navigate potential regulatory shifts.

Mutual of America Capital Management LLC has reduced its investment position in LyondellBasell Industries (NYSE:LYB), a major petrochemical company. The portfolio adjustment comes amid industry challenges including volatile raw material costs and sustainability concerns in the chemicals sector. This move aligns with broader investment trends showing increased scrutiny of traditional industrial holdings.