MIDWEST
Magna Group Inc., St. Louis, increased its board of directors from 14
*James A. Auffenberg Jr., president and director of Auffenberg Hyundai,
*Frank R. Trulaske 3d, owner and president of Truse Fitness Technology
MIDWEST
Magna Group Inc., St. Louis, increased its board of directors from 14
*James A. Auffenberg Jr., president and director of Auffenberg Hyundai,
*Frank R. Trulaske 3d, owner and president of Truse Fitness Technology
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.