BankThink
U.S. financial markets are stronger and more resilient because of the contributions of international banks. But many aspects of the U.S. Basel III endgame proposal threaten to tilt the playing field against them.
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The Federal Reserve has engaged in a yearslong series of "Fed Listens" events to sharpen their understanding of the intricacies of the modern economy. Those with the maneuverability to help struggling industries should do some listening of their own.
March 26American Banker -
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Banks, especially big ones, have become too dependent on hidden-fee income. As the consumer credit market evolves toward greater transparency, the CFPB's rules will be the least of their problems.
March 26 -
Specialized large language models should be harnessed to help financial institutions identify and halt fraudulent activity. The best model would involve regulator-approved pooling of anonymized customer data.
March 25 -
Financial services companies must incorporate digital, technical and cognitive empathy into the way they think about delivering their products in a digitized future.
March 22
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
The bipartisan funding bill cuts financial services funding, but includes boons for the Small Business Administration and omits controversial legislation like Durbin 2.0.
Amazon is working with Stripe to expand its Just Walk Out retail stores in Australia and Canada; Safaricom is working with Onafriq to support remittances sent via M-Pesa to Ethiopia; and more.
The top five banks had a combined commercial real estate loan volume of more than $500 billion at the end of the fourth quarter of 2023.
BankThink is American Banker's platform for informed opinion about the ideas, trends and events reshaping financial services. View our