First Interstate will cut jobs, keep community bank feel following big acquisition

First Interstate Bank CEO Kevin Riley said Friday he expects to cut about 155 jobs after completing the bank’s largest ever acquisition. But, he insists the customer experience will improve in all of the bank’s system from South Dakota to the Pacific Northwest.

"As we get bigger, we can afford a better system and services to meet their needs," Riley said in an interview at First Interstate’s headquarters in downtown Billings.

By ERIK OLSON [email protected]

Full Story: http://billingsgazette.com/business/ceo-first-interstate-will-cut-jobs-keep-community-bank-feel/article_a27cdcb0-7444-5271-978f-c09539018959.html

***

Today’s TED Talk – How the blockchain will radically transform the economy

Say hello to the decentralized economy — the blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value.

http://www.matr.net/article-74217.html