A pair of proposals issued by the Federal Deposit Insurance Corp. Thursday would create new merger processing timelines and extend national-bank preemption to certain out-of-state, state chartered bank activities.
State agencies supervise about 79% of U.S. banks. Their umbrella group just published the questions, documents and risk tiers examiners may use.
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Visa and Mastercard have released products designed to manage AI agent risk, and are also working with Ant International on a shared know-your-agent protocol.
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A high-yield savings account, incentive marketing and artificial intelligence-powered payroll are new additions to a long-standing strategy to lure clients away from fintechs and banks.
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Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.
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I don't go in much for 9/11 retrospectives. I've never seen any documentaries about it, never seen any movies about it, never read any books. I don't need to. I saw the event itself.
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Abacus Federal Savings Bank in Chinatown scrambled to reopen in the days following the World Trade Center attacks. The exercise resulted in the bank's first disaster-recovery plan.
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Less than half the information banks share under the program relates to money laundering or terrorist financing, by Fincen's own count. Most is fraud.
Constellation Software subsidiary CORA Group rebranded its U.S. core banking service as regulators are looking to inspect core vendor relationships.
Regulatory hurdles made starting a new bank harder after 2008, but research suggests the decades-long decline in de novos goes back further and that even a sharp deregulatory push won't lead to a rebound to pre-crisis levels of de novo applications.
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There wasn't just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
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OFG Bancorp, the parent company of Oriental Bank, has steadily climbed American Banker's rankings of the nation's top-performing banks. Here's how the Puerto Rican bank did it.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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Lenders fronting the money for massive arrays of AI-friendly semiconductors have no visibility into their actual output. That could change with better reporting standards modeled after the energy industry.
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Small banks are uniquely vulnerable to local climate disasters, from floods to wildfires to tornadoes. Supervisors should be playing a more active role in helping them identify, measure and manage their risk.
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Just because apps can categorize your spending and provide feedback doesn't mean that those insights are always helpful, or even welcome. Some empathy needs to be built into their design.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Megadeals and private equity transactions usually draw the biggest headlines, but potential acquirers can take their pick from any number of possible sources of financing.
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Taxes can erode portfolio value in ways that add up over time. Explore five active investment strategies that can reduce capital gains tax impacts for clients.
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A new study based on a survey of more than 500 advisory practices by The Kitces Report sheds light on how the fastest-growing firms are spending their marketing dollars.
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Foreclosure rates were highest in the region, and nationwide, completed repossessions also saw a significant jump, according to Attom.
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The market initially showed relief after the initial confirmation of an anticipated inflation-fighting hike but discussion of a future raise renewed concern.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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As Truist Financial implements the strategy of Chief Executive Michael Lyons, the bank is dropping near-prime auto lending, a business that it says doesn't play to its strengths.
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The Senate failed to invoke cloture on the crypto market structure bill, known as the CLARITY Act, by a vote of 49-50. The procedural vote would have opened floor time for debate on the legislation, and its failure to pass likely means the bill will not be reconsidered until next Congress.
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Advisors discussed how they guide clients through the competing priorities of saving for their own retirements versus their children's college educations.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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The high-cost consumer lender withdrew its applications to acquire Grasshopper Bancorp, saying the regulatory approval process for nonbanks lacks clear standards.
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Structural change in banking is rarely defined by technology alone. Rather, leaders who know when to invest, where to modernize and which risks are worth taking are driving it.
The 23rd annual ranking of women leaders in the banking industry.
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- Partner Insights from Databrick AWS
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