Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky.
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In a speech outlining his priorities for the FDIC, Vice Chair Travis Hill stressed the need for a more flexible regulatory approach, addressing capital requirements, digital assets, climate policy, and bank oversight, while emphasizing transparency and timely action.
January 10
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Clearfield-based CNB Financial's planned acquisition of ESSA Bancorp in Stroudsburg would create an $8 billion-asset company with 49 branches and nearly $5 billion of deposits in the Keystone State.
January 10
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The Consumer Financial Protection Bureau issued an interpretive rule and a separate request for information aimed at Big Tech companies, digital payments and crypto assets.
January 10
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The Labor Department estimates the economy added 256,000 jobs in December, indicating a resilient economy and labor market. For the Federal Reserve, which was already signaling a slowdown in rate cuts, the reading could justify holding rates steady.
January 10
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Regulatory shifts and loan growth are some of the hot-button topics banks will seek to address as they start sharing their fourth-quarter reports next week.
January 10
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
SEC Commissioner Hester Peirce said it was important for the agency to not stifle innovation through its regulatory approach.
The proposed sale of Territorial Bancorp faced competing offers that delayed its closing by several months. But Hope ultimately won shareholder and regulatory approvals.
Wenzel R. Reyes is a senior audit executive and technology leader with over 20 years of experience across public company audits, regulatory compliance, and global standard setting. He previously held key roles driving audit quality and methodology at PwC Canada and PwC UK, where he contributed to the development of global auditor reporting standards and led firmwide audit transformation initiatives. Now serving as Senior Director of Methodology and Audit Solutions at MindBridge, Wenzel helps firms harness AI and analytics to modernize audit execution, enhance quality, and meet evolving regulatory expectations. He is a recognized speaker on the future of assurance and data-driven audit innovation.
Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky.
SEC Commissioner Hester Peirce said it was important for the agency to not stifle innovation through its regulatory approach.
The proposed sale of Territorial Bancorp faced competing offers that delayed its closing by several months. But Hope ultimately won shareholder and regulatory approvals.
Wenzel R. Reyes is a senior audit executive and technology leader with over 20 years of experience across public company audits, regulatory compliance, and global standard setting. He previously held key roles driving audit quality and methodology at PwC Canada and PwC UK, where he contributed to the development of global auditor reporting standards and led firmwide audit transformation initiatives. Now serving as Senior Director of Methodology and Audit Solutions at MindBridge, Wenzel helps firms harness AI and analytics to modernize audit execution, enhance quality, and meet evolving regulatory expectations. He is a recognized speaker on the future of assurance and data-driven audit innovation.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
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The banks have invested in gen AI and embedded finance, respectively.
August 12 -
John Buran shares how his New York bank and its small business customers are faring with tariff uncertainty — and how some have quickly changed suppliers and modified business plans — in the latest American Banker podcast.
July 15
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Through a partnership with Axway, the bank aims to provide API-based data sharing and develop new products that leverage open banking.
January 13
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The Florida bank is jumping on the strategy for general corporate purposes and a potential sale of its underwater bond portfolio.
January 13
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The Consumer Financial Protection Bureau's research found that the majority of buy now/pay later users are subprime borrowers, holding high credit card balances and multiple loans, suggesting the offering is riskier to lenders than previously assumed.
January 13
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A new AI regulation framework limits U.S. chip and software exports. Bank vendors are among the tech giants that say it's poorly timed and threatens innovation.
January 13
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A cohort of bank industry interest groups called for the incoming Trump administration to pause all pending bank regulation and litigation and extend the timelines for implementing final rules issued by the Biden administration.
January 13
