JPMorganChase, Goldman Sachs, Citi, Morgan Stanley, Wells Fargo and Bank of America are among the biggest backers of data centers. Community opposition isn't slowing them down, but it's making them rethink their approach to managing risks.
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The buy now/pay later lender posted its most profitable quarter, but analysts and company CFO Rob O'Hare said there's plenty of room in its addressable market and an opportunity to compete for market share.
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The Toronto-based banking giant reported better third-quarter profit growth and credit quality south of the border than in its core Canadian market.
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Even as U.S.-Canadian trade relations reached a new low, Canada's second-largest bank reported strong profit growth at its American business.
The Climate First Bank founder and CEO is surprisingly not part of the anti-data center movement. But he does think the massive, energy-chewing facilities should be built and financed with more forethought.
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As institutions look to ease exposure, digital assets are the largest area of concern, according to American Banker Market Intelligence research
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Five payment companies were named as defendants in a case that could set a precedent for both prediction markets and the financial firms working with them.
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Stripe and Advent had bid to acquire the payments firm for about $53 billion, an offer PayPal's board reportedly rejected. An analyst says that puts pressure on PayPal's new leadership to boost performance.
A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America's $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra; and more in this week's banking news roundup.
As summer comes to an end, there are a surprising number of things to keep an eye on. Here is American Banker's handy cheat sheet for the rest of the year.
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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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Banks are investing in ever-more capable technology, from new banking apps to AI-enabled back-office systems. But what keeps customers coming back continues to be their relationships with real bankers.
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A Federal Housing Finance Agency program that allows some homeowners to finance without mortgage insurance is the first step down the slippery slope to a more volatile mortgage market.
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At a time when the client experience is growing increasingly similar across different banking platforms, the banks that succeed will be those that deliver services tailored to the precise needs of individual customers.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Many advisors want asset managers to do more than provide access to investments. A new Cerulli report suggests they should emphasize practice management strategies rather than business growth.
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Borrowing against art can offer liquidity without triggering capital gains, but high costs keep it from becoming a first-choice strategy.
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The largest firm in the independent brokerage channel is also the fastest growing. But the industry's rapid expansion alongside rising equity values over the past three years may be hiding some firms' vulnerabilities.
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Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.
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If Fed Chair Kevin Warsh's comments lack substance on inflation in the market's opinion, it is likely to drive mortgage rates even higher, NerdWallet warned.
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Non-QM securitizations hit $78B as lenders ease guidelines to capture unserved borrower demand, even as total impairments rise for the 10th time in 13 months to 6.27%.
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The crypto company made the acquisition to expand its institutional platform after it received approval from the OCC for a national trust bank charter.
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The Small Business Administration's proposed rule increasing the size of firms eligible for government-backed loan programs could boost the appeal of SBA loan programs to banks and credit unions, but it's drawing sharp criticism from smaller firms.
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The 2025 tax law changed the factors involved in the decision to convert a traditional IRA to a Roth.
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A lawsuit accusing U.S. Bank of harassing and discriminating against its former head of AI can proceed following a federal magistrate judge's ruling. The suit's defamation and blacklisting claims, however, were thrown out.
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Banks are putting money into creating services to keep customers happy, but the thing that will keep customers happiest is out of their control.
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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.
- Partner Insights from Finzly
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