Jasmine Ni

Jasmine Ni was an editorial intern at American Banker in New York. She is the executive editor of The Daily Pennsylvanian at the University of Pennsylvania, where she is entering her senior year.

Commerce Bancshares and Nolan & Associates executives stand for a photo.

M&A

Commerce to acquire boutique middle-market investment bank

The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.

By Jasmine Ni

June 29

Pedestrians cross a street in Washington, D.C.

Inflation

Key inflation metric flashes red at 4.1%

The Bureau of Economic Analysis' personal consumption expenditures inflation report for May showed that inflation had risen 4.1%, meeting elevated expectations and casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve.

By Jasmine Ni

June 25