The Wall Street giant will inherit some $56 billion of low-cost deposits that will allow it to offer more traditional banking products to its wealth management clients.
5h ago
THE LATEST
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The Trump administration proposes cutting personnel and other budgetary items at the bureau, while the agency’s director — who controls the purse strings and was hand-picked by the administration — aims to boost spending and hire more employees.1h ago
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Lawmakers have also criticized the agency's decision to create qualifying standards for farmers and other small businesses.1h ago
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Freddie Mac elevated Corley to executive vice president and head of its single-family business, putting her permanently in the role she occupied since last October.8h ago
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The startup’s tools help banks and consumers deter account takeover in the aftermath of a data breach.10h ago
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Zember abruptly resigned as CEO of Ameris Bancorp last summer.11h ago
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Akoya has been building a data-sharing network that gives fintechs access to bank account data through application programming interfaces as an alternative to screen scraping. JPMorgan Chase, Bank of America and Capital One are among its new owners.February 20
Multimedia
Wells Fargo appears to be outpacing its rivals in the API race; CFPB's unexpected showdown with Citizens; Varo gets vital FDIC OK for bank charter; and more from this week's most-read stories.
February 14
Ken Montgomery, who is heading up the Federal Reserve's faster payments network, says the agency is taking an incremental approach to launching the service.
February 12
Bankers groups are keeping close tabs on a host of legislative and gubernatorial proposals, from prize-linked savings accounts in Iowa to rent control in Massachusetts to a slew of bills modeled after California's recently passed data privacy law.
February 11
The bank is working with fintechs like Digit, Simple and Catch to provide new financial products to people with limited access to banking, says Susan French, head of products in the open platform division.
February 10
Opinion
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Senior FellowColumbia UniversityFebruary 20
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Founder and CEOPromontory Financial GroupFebruary 18
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President and CEOFlorida Bankers AssociationFebruary 14
Research
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An examination of potential sources of upheaval for the financial industry and ideas on how to adapt.January 9
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Tariffs and other macro factors have introduced new uncertainty into international trade.November 29
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Recent years have seen a transformation in credit-card customer acquisition. This report explores how consumers are interacting with the new expanse of marketing and acquisition channels and examines where opportunities and threats to issuers may lie.October 23
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Digital IDThe idea of a common digital identity for consumers has become more compelling amid the digitalization of the world's economy. Many bank and credit union executives consider it a natural fit, one the industry should be prepared to lead on.August 28
