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On the whole, large banks appear to have primed their books for a rebound in rates: levels of short-term assets relative to short-term liabilities are now higher than they have been during roughly the past decade. The postures of individual institutions vary widely, however.
Despite richer returns available further out on the yield curve, large banks have generally not shifted toward long-dated securities, according to regulatory data.
Growth was particularly brisk at institutions with less than $20 billion of assets, where CEO compensation measured 2% of total payroll expenses, a far higher level than at larger banks.
Annual meetings held by Citi and Bank of New York Mellon have been shaken by investor dissent over executive pay, and observers anticipate more rebukes in the coming month.
We've all had a tough year but here's some good news: in a year where there were huge structural changes and consolidation in financial services, the top 100 financial technology firms actually saw their revenue grow.
This year's FinTech Top 10 includes core processors, ATM vendors, payments giants, outsourcers and a new entrant — lending technologist LPS. Here's a look at how they got there.
Daniel Robbins, senior vice president and director of retail operations at Atlantic Southern Financial, is on a mission to cut expenses and improve customer service. Communication and automation are the heart of the strategy.
Adoption slows in face of recession, but providers' innovations lend wide acceptance an air of inevitability; iPhone's success provides a stable, successful platform for mobile banking.
Union Bank is undertaking the biggest core replacement project in the U.S. in years. If the Infosys platform lives up to its promise, other banks may have little choice but to consider following suit.
Mobile money transfers have shown promise with the demographic in a variety of tests. Those conducting the tests say they've learned a lot about this crowd's likes and dislikes.
As the industry evolves, American Banker keeps pace. Going beyond breaking news and headline events, American Banker's editorial staff digs deeper than the mainstream business press to identify and analyze trends.
