Survey shows significant majority of consumers expect to reach financial prosperity in the next 10 years

Plus: Cadence Bank is set to sell its insurance arm to Gallagher

Unemployment is expected to stay around 3.8% and payrolls have continued to increase

The ABA and BPI want the White House to reduce the reporting overlap and regulatory burden regarding cybersecurity

Customers are still struggling to meet costs and are dipping into emergency savings despite the recent fall in inflation

Survey found banks and credit unions are continuing to invest in automated customer service

Only 9% of Americans choose to go into a bank branch

Survey also found improved digital tools have helped banks’ services for small businesses

Consumer spending, government spending and residential investments were the catalysts for growth

First Financial, Ally Financial, Macatawa Bank and Mercantile Bank all announced senior leadership changes this month