AuburnBank is a state chartered bank founded in 1907 and wholly-owned subsidiary of Auburn National Bancorporation, Inc. (Nasdaq: AUBN), a bank holding company headquartered in Auburn, Alabama. AuburnBank offers personal and business banking services, including personal loans, mortgages, business loans, merchant services, credit cards and other banking services. AuburnBank focuses on serving individuals, and small and middle market businesses in East Alabama, including Lee County and surrounding areas with ten locations.
Bank of Korea keeps rates steady as it assesses measures to cool Seoul’s housing market
The Bank of Korea noted a “significant acceleration in housing prices in Seoul.” The central bank is, however, expected to cut rates in its next policy meeting as measures to cool the housing market i...
Robinhood Says OpenAI Stock Tokens Backed by Special Purpose Vehicle
Robinhood's tokens offering exposure to OpenAI are not actual equity but are backed by a special purpose vehicle. OpenAI has stated that any transfer of equity requires their approval, which has not b...
China’s producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens
China’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline since July 2023. The consumer price index edged 0.1% higher in June from a year ago, beating the estimates...
The regulator closed Aldersgate Federal Credit Union and Butler Heritage FCU; Aldersgate was placed in conservatorship last month after operating in an “unsafe and unsound manner.” The National Credit...
Robinhood’s Vlad Tenev has led a trading revolution to become a new Wall Street power
Backed by an army of retail investors, the 38-year-old CEO is shaking up the financial order.
Vlad Tenev has a message for Wall Street professionals confounded by the everyday investors who have becom...
China Economy China urges Beijing-backed development bank to focus more on Belt and Road Initiative
Chinese Premier Li Qiang’s speech comes amid a pullback of U.S. support for Western-led institutions such as the World Bank and the IMF. China launched a regional development program called the Belt a...
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
The Federal Reserve proposed easing a key capital rule for banks, and central bank officials opened the matter for public comment Wednesday. The enhanced supplementary leverage ratio regulates the qua...
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates....
Coinbase is seeking regulatory approval to offer blockchain-based stock trading
Coinbase, the leading crypto exchange in the U.S., is reportedly seeking regulatory approval to offer “tokenized equities” on its platform, a move that would put the company in direct competition with...