Banco Santander has completed its purchase of Webster Financial. It plans to take the integration process slowly in order to avoid customer disruptions.
T-shaped teams help banks measure AI impact by defining outcomes upfront, tracing results to AI and rolling them into business impact at the enterprise level.
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The payments company has acquired artificial intelligence firm OpenRouter in a deal that comes as banks consider strategies for large language models and Stripe is rumored to be in talks to buy PayPal.
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Jennifer Barker, the bank's global head of payments & trade and depository receipts, says people are more worried about the outcome than how transactions occur. That creates a greater bank role for intelligent routing or payment facilitation, where customers automatically get the best option with little work on the front end.
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As banks consider how to expand relationships by selling new uses for artificial intelligence, getting clients to trust the innovation is a major challenge.
During a court hearing Tuesday, appellate judges expressed skepticism about a Colorado effort to cap the rates on consumer loans that out-of-state banks make to Coloradans.
A Federal Reserve enforcement action against Germany's largest bank was the last of the consent orders remaining from the Obama-era violations. Between 2007 and 2013, foreign exchange traders from six banks conspired to manipulate interest rates.
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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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In American Banker's ranking of banks with the strongest metrics, here is this year's list in the $10-$50 billion range, based on data from Capital Performance Group.
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A recipe of no securities, mostly adjustable-rate loans and a cheap rural deposit base made the Texas bank the top performer in the $2 billion-$10 billion asset class.
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The Trump administration's refusal to release funds appropriated by Congress for community development financial institutions is actively damaging programs that serve low-income Americans.
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Bankers in the U.S. can learn a few things from watching the rollout of the European Union's new AI Act. Specifically, they should notice the gaping hole where rules about identity verification ought to be.
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The industrial bank charter is attracting increased interest because of the combination of innovation and safety it offers. However, charters should only go to companies that can meet a rigorous set of requirements.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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Two experts in mergers and M&A sales explained how and why RIA owners need to clean up their data, get a formal valuation and figure out other technical questions before they make a succession deal.
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With its Estimated Value Index, the valuation expert FP Transitions seeks to give RIA owners a leg-up in knowing just what their firms can most likely fetch in a sale.
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Industry consultants recommend steps RIAs in Schwab's referral network can take if they're worried about competition for clients.
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After losing money on production in most quarters between 2022 and 2024, independent mortgage bankers have achieved five consecutive quarters in the black.
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So far, annual home lending growth is on track to slow, but not stop, with some positive developments surfacing amid broader challenges.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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A Federal Reserve enforcement action against Germany's largest bank was the last of the consent orders remaining from the Obama-era violations. Between 2007 and 2013, foreign exchange traders from six banks conspired to manipulate interest rates.
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As analysts raise concerns that AI could undermine the economics of generous transition deals, executives at Ameriprise, Stifel and Raymond James wonder if firms are paying too much to recruit advisors.
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Just two weeks after releasing its planned schedule for buybacks this quarter, the Treasury Department on Wednesday said it's "increasing, by at least double, the size of liquidity support buyback operations" for securities dated from the 10-year to the 30-year sector.
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Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.
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With recent changes to tax law, non-grantor trusts have become attractive vehicles for gaining tax efficiencies, such as when making charitable contributions.
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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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