First American Bank & Trust understands that positive vision leads to positive action. That's why they spend so much of their time looking ahead, identifying what is true and what may be true in the future. Vision is very different from predictions; no one can, with exact certainty; predict what will happen, especially in the financial world. But when you have vision, you anticipate and you prepare. And when you're in a community that shares your vision, it's incredibly rewarding to see a future where people all aspire to become, to achieve and to create.
First American Bank and Trust - Recent News & Articles
Blockchain vs. SWIFT: Why Traditional Systems Can't Keep Up in the Global Economy
Cross-border payments keep the world connected, fueling everything from international trade to daily transactions. However, in the rapidly developing world, traditional systems like SWIFT might find t...
Why BlackRock is shelling out $12bn for private credit shop HPS
HPS Investment Partners could hardly be more different than its suitor, BlackRock. Whereas BlackRock, an $11.5tn powerhouse, is best known for investing clients’ funds across huge swaths of public mar...
US fintech Chime reportedly submits confidential filing for potential 2025 IPO
Chime Financial has reportedly confidentially filed for an initial public offering (IPO) in the US, according to a report by Bloomberg. The Bloomberg report, citing sources familiar with the matter, s...
Russian central bank surprises markets by holding key rate at 21%
Russia’s central bank on Friday unexpectedly left its key interest rates unchanged at 21%, citing improved monetary tightness that had created the conditions to tame sky-high inflation.
Markets had wi...
China keeps benchmark lending rates steady as Fed signals fewer cuts ahead
China kept its main benchmark lending rates unchanged on Friday, as Beijing faces the challenge of bolstering economic growth while backstopping a weakening yuan. The People’s Bank of China said it wo...
An inflation gauge tracked by the Bank of Japan just jumped to a seven-month high
An inflation gauge in Japan that is closely watched by the Bank of Japan (BOJ) came in at a seven-month high in November, which could prompt the central bank to raise rates early next year. The so-cal...
Moody's hands France surprise downgrade over deteriorating finances
Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided lawmakers into backing his efforts to rein in the...
PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target
Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — ...
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. Th...
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For ...