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After the United Kingdom's surprising vote to exit the European Union, the financial markets are in turmoil and U.S. banks are left trying to assess their risks.

Top Stories

The U.K.'s referendum vote to leave the European Union has thrown cold water on London's reputation as a friendly venue for innovation in payments and other industries.  more »
The recently rebranded California International Bank has stiffed the government on 30 dividend payments and has spurned a request to let Treasury officials observe its board meetings. There is some optimism; a Vietnamese businessman was approved to take over control after injecting $4.5 million in capital into the bank.  more »
The industry is better positioned than it was last year to weather a severe economic shock, according to the Fed, but the real test comes next week, when the central bank will release its latest evaluation of the sector's risk-management practices.  read more »
Fourteen years after Jeff Bezos famously put out a memo to all of Amazon's software development teams, ordering them to create application programming interfaces for every program, some bankers say their industry ought to do the same.  read more »
FinTech Forward
First Mid-Illinois signed a confidentiality agreement last fall to pursue a mystery bank in Illinois. It soon discovered that the bank — First Clover Leaf — was an institution it had heavily courted three years earlier.  read more »
Resolution plans put in place following the financial crisis have made big banks expert at contingency planning. Nonetheless, bankers here are keeping their fingers crossed that Britain will remain in the European Union.  read more »
Union Bankshares in Virginia is among the ranks of banks nearing $10 billion in assets. Unlike many banks of its size, Union feels no pressure to pursue a transformational deal to offset increased regulatory costs.  read more »
'If Your Bank Isn't Integrated with Siri, Your Bank Is Irrelevant'
Moven founder and all-around fintech evangelist Brett King discusses how financial institutions can survive a future where artificial intelligence is widespread and plastic cards are no more.