Highlight of the Week
Apple’s iPhone XR officially manufactured in India after trial runs
- The move seems to be a response to the U.S. tariffs imposed on imports coming from China
- Apple confirmed it would not increase its pricing and will soon begin manufacturing the iPhone 11
Rate Curves
Rapid Report:
Scharf begins uphill battle leading Wells Fargo
- New CEO Charles W. Scharf began his role this week trying to right the ship for the scandal-beset bank
- Top regulators expected Scharf to shakeup executive ranks
Brick-and-mortar days are over
- U.S. Bank to begin staffing overhaul at its 3,000 U.S. branches – continuing with a trend caused by a shift in consumer behavior
- They are expected to cut as many as 10-15% of branches, following in the footsteps of Wells Fargo and other top banks
- The move comes as banks continue to invest heavily in products that allow customers to transact digitally
FinTech Atlanta University Summit
Wednesday 10/23 students and faculty from Atlanta Universities are invited to learn about the FinTech industry and hear from Atlanta-area thought leaders
