BANK

We put our money in the bank to be safe.

Nickels will use its latest funding to recruit new team members, accelerate partnerships and build on its product capabilities.

JPMorgan Chase & Co.’s third quarter profits fell by 17% from a year earlier, as the bank set aside roughly a billion dollars to cover potential losses in what CEO Jamie Dimon has said a could be a recession in six to nine months.

Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks.

Investment banking giant Goldman Sachs saw its second-quarter profits fall nearly half from a year ago, as the markets turmoil and warnings of a possible recession caused the bank’s deal-making business to slow down considerably.

The new office houses retail banking, commercial lending and asset based lending services acquired from Nicolet National Bank.

Sonic Lunch announced its 2021 lineup on Tuesday morning.

The products are based on Clinc's existing conversational AI platform.

BLOOMFIELD TOWNSHIP, Mich. – Newly-released video shows the moment a man crashed his SUV into a Bloomfield Township bank on Tuesday. “I heard a pretty loud crash followed by glass breaking,” said Cooper Collier, who works next door to the bank. Hearing that, I was curious on what just happened.”PREVIOUS: Police say suspected robber crashes SUV into Bloomfield Township bankThe sound of the crash was initially thought to be gunshots. “He made it 3 to 5 feet inside the bank and then he immediately started to back out. At no time did he ever get out of the car or demand any money to bank employees,” said Lt. Paul Schwab with the Bloomfield Police Department.

SHELBY TOWNSHIP – Police are searching for a man in connection to a bank robbery in Shelby Township. Police responded to an alarm at about 1:24 p.m. on Monday at the PNC bank on Hayes Road. Police said the man then left the bank on foot after given an undetermined amount of money. The suspect was seen running south across Hall Road into Sterling Heights. Anyone with information is asked to contact the Shelby Township Police Department at 586-731-2121.

LONDON Europes biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool hold. The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier. Near-zero interest rates meant to help businesses keep running with cheap credit are squeezing margins for lenders. The bank's chief executive, Noel Quinn, said in a presentation posted online that HSBC paused its restructuring efforts in the last quarter to focus on supporting its customers. The banks net profit fell 53% to $6 billion in 2019.

The advertiser paid a fee to promote this sponsored article and may have influenced or authored the content. This article is sponsored by MSU Federal Credit UnionHost Tati Amare spoke with Deidre Davis from Michigan State University Federal Credit Union (MSUFCU) about getting help for your small business. Deidre recommended that if small businesses have been impacted by COVID-19 and are in need of assistance ,they should contact the financial institution they work with. Businesses are encouraged to reach out for assistance from MSUFCU which can walk them through the best steps for them. To learn more about how MSU Federal Credit Union can help your small business, visit their website msufcu.org.