Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.
CEO Enrique Lores acknowledged interest in the payment company, saying that while PayPal remains focused on its revenue-generating plan, it is "open and objective" about the path forward.
BNY's Robin Vince and Nubank's David Velez have joined the boards of the OpenAI Foundation and OpenAI Group Public Benefit Corporation; Old National Bancorp has revamped its top leadership teams; City National Bank appointed Lindsay Dunn executive vice president and head of personal and business banking; and more in this week's banking news roundup.
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How J.P. Morgan Payments is dealing with smart contracts and using a public blockchain.
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As consumers get more comfortable with the technology, they will want multiple checkout options beyond cards, creating a need for more digital wallets and account-to-account rails.
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The parent company behind Flex Rent submitted applications to state and federal regulators for an industrial loan charter and deposit insurance.
In American Banker's ranking of banks with the strongest metrics, here is this year's list in the $2-$10 billion range, based on data from Capital Performance Group.
Industry lawyers and recruiters share the key steps bank-based advisors can take to avoid litigation or lower legal exposure when moving clients to a new firm.
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Rather than replacing bankers, artificial intelligence is likely to amplify their impact: strengths as well as weaknesses. This makes investing in employee development more important than ever.
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The policies most community banks rely on for cyber liability, fidelity bonds and directors and officers insurance are full of overlapping exclusions, restrictive coverage sublimits and vague specifications. That can become an expensive problem.
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A primary criticism of stablecoins harks back to the era of free banking, when individual banks printed their own notes. But that era of private money bears little resemblance to the modern realities of stablecoin issuance.
There's been an onslaught of nonbank financial technology company charter applications and approvals already this year.
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By coordinating with a client's other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.
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Summer meetings might pose a scheduling challenge, but financial advisors could help clients avoid costly mistakes by guiding them away from the common bias in a midyear meeting.
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Advisors share the types of financial infidelity and secrecy they have seen in couples, and how they approached the money misbehavior.
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So far this year, the volume of closed-end second and home equity line of credit securitizations is near last year's $29 billion, Bank of America Securities said.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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A 76-year-old PNC customer lost almost $400,000 to a scam involving gold coins and a fake bill for Norton Antivirus protection. Can the bank be held accountable for failing to help him?
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Ultrawealthy clients looking to reduce taxable estates might consider spousal lifetime access trusts, but too-similar dual trusts can backfire.
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Research from Cerulli Associates indicates that marketing and referrals are the best ways to bring in new clients. Yet few firms devote much time or money to either.
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For banks, getting ahead in the digital asset race may be less about picking a winner and more about playing the field.
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Millennial and Gen Z Americans aren't investing in homes the same way as previous generations: The National Association of Realtors found the median age of first-time buyers last year was 40, an all time high. Here's what wealth advisors need to know.
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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.
National banks are committing billions of dollars to fund the construction. But there's room for smaller institutions and credit unions.
The 23rd annual ranking of women leaders in the banking industry.
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