In its first three months as a bank, the Boca Raton, Florida-based NewtekOne doubled the size of its deposit base by relying almost exclusively on certificates.
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The agency said it will include home valuation practices in its fair lending review. It's the latest effort by a Washington regulator to root out discriminatory practices in the profession.
April 6 -
The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.
April 6 -
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Rising vacancy levels, soaring interest rates and weaknesses exposed by recent bank failures have analysts and investors worried about banks' outsized exposure to high-rise office, apartment and retail properties.
April 5 -
The world's largest asset manager, often known for its close partnerships with government agencies, will market SVB and Signature Banks' former assets.
April 6
Recent deposit flows raise questions about the Fed's support for these funds through its overnight lending facility, and whether that support is doing more harm than good.
Some concerns linger over the sector after Silicon Valley Bank's collapse last month. The most pressing worry now, analysts say, is not whether banks will survive but how much money they'll make in the coming months.
Rates are rising and maturities are shortening in unsecured commercial paper, raising the possibility of a credit crunch and further regulatory intervention.
Executive compensation legislation could be one of the few areas of bipartisan agreement in Congress in the wake of the Silicon Valley Bank and Signature Bank failures.
Silicon Valley Bank served about half of all startups. As fintechs seek out new bank relationships, here are some of the things they are looking for.
As the phony-accounts scandal is brewing in 2014, the executive who functions as the top cop inside Wells Fargo gets shown the door.
The scandal's roots stretch back more than a decade. In a corporate environment that doesn't welcome bad news, problems fester.
The giant bank's woes, and punishment, began years ago — and still linger today. Revisiting the saga's origins now yields several important lessons.
Corporate-governance and ethics experts offer tips to avoid management wrongdoing at all levels of a bank.
This year's Most Influential Women in Payments honorees are uniquely positioned to make the most of disruptive factors such as the advancement of artificial intelligence, central bank digital currencies and real-time payments.
After a three-decade climb up the corporate ladder, Reda took on her most daunting task yet: launching the card network's new consumer banking unit.
Associate partner Mary Ann Francis is a risk taker — the kind who jumps off a waterfall without a parachute. She brings this same boldness to her work at IBM, where her decades of banking experience help the tech giant find new opportunities for artificial intelligence and quantum computing.
China and other countries are already working on their own central bank digital currency. Creating an American CBDC would ensure the dollar's place as a global reserve currency, a Connecticut Democrat writes.
Rushing to create a central bank digital currency that is not permissionless and private would be dangerous to core American principles, according to a Minnesota Republican.
Payment fintechs are finding that their best opportunities are overseas — and for a lot of companies, that means building a market to take on American incumbents.
After years of fintechs taking the lead in modernizing cross-border payments, fresh momentum is coming from traditional payments and banking infrastructure players, including the card networks and the 50-year-old SWIFT.
In its inaugural Most Powerful Women in Credit Unions listing, American Banker is proud to share the stories of 25 of the women leading the credit union industry through times of rapid and unprecedented change.
Anderson, who has held leadership positions at Equifax, Wells Fargo and American Express, will succeed longtime CEO Benson Porter on Dec. 5.
Renée Sattiewhite has played a key role in the African American Credit Union Coalition for more than 20 years. "For me, if credit unions do not embrace DEI, they will die," she said.
Titi Cole, CEO of Legacy Franchises at Citigroup, joins the Most Powerful Women in Banking list this year after taking on a wide range of responsibilities for the New York bank. Check out the full list to see all of the women and where they rank.
Adena Friedman of Nasdaq and Lynn Martin of NYSE Group make their debut on this year's list. Check out the full list to see all of the women and where they rank.
Priscilla Sims Brown, president and CEO of Amalgamated Bank, makes her debut this year on the list for driving higher net income at her company while also taking a stand on social issues. Read on to see the rest of 2022's honorees.
Ninety institutions made American Banker's 10th annual list of the Best Banks to Work For. Here are insights about communication, leadership, culture and more from executives at this year's honorees.
Bank of America, JPMorgan Chase and other institutions — including more than two-thirds of honorees that made the Best Banks to Work For — show no let-up in their commitment to add transitioning service personnel. In fact, they're expanding their reach to include military spouses.
Highly acquisitive banks that pack on assets without sacrificing employee morale pepper American Banker's annual Best Banks to Work For rankings.
The 50 companies that made American Banker’s annual list are being recognized for establishing strong workplace cultures, offering robust benefits packages and giving employees the room to do their jobs well.
Companies such as Biz2Credit, Episode Six and VizyPay look for people from varied backgrounds and pitch their flexibility (or, sometimes, strong office culture) in bids to find great employees.
Breaking barriers to education unites the team at Mpower Financing, an international student loan company with employees from more than a dozen countries that is ranked No. 1 on this year's Best Places to Work in Fintech.
Companies on the Best Places to Work in Fintech list offer sabbaticals or generous vacation time, which helps attract young talent and lets veteran employees re-energize.
Our annual list of the rising stars in banking and finance.
The first African American member of the executive team, she’s working to bring more minorities into leadership positions at the bank.
Navigating the SBA lending system brought a new set of challenges for this commercial banker.
When the war broke out in Ukraine, this head of investment strategy acted quickly to protect the bank’s assets.
Responsible for a five-state territory, this regional director often travels 500 miles a week visiting branches and customers.
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Frustrations with gatekeeping, a lack of diversity and the way home appraisal is overseen are spurring many practitioners to call for an overhaul of the industry's governance structure.
September 7 - Democrats are disfavored in this year's midterm elections, but several factors are keeping races close. The outcome will affect the bank regulatory trajectory for at least the next two years.
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Brian Graham, partner and co-founder of advisory and investment firm Klaros Group, breaks down what went wrong with Silvergate Capital, Silicon Valley Bank and Signature Bank and what banks can do to avoid the problems that brought these banks down.
March 28 - Penny Lee, president and CEO of the Financial Technology Association, is pushing back on some claims banks and their trade groups have recently made about financial technology companies, for instance that fintechs don't meet consumer financial protection standards.
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Lenders are bracing for more companies to fall behind on their loan payments. That could create more opportunities for banks to dispose of these nonperforming credits through an Article 9 sale.
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Treasury assistant secretary for economic policy Ben Harris, one of Joe Biden's top economic aides, has left the administration after years of advising the president.
April 5 -
Despite shareholder worries, UBS Chairman Kelleher expresses confidence in navigating the challenges of integrating Credit Suisse at the at the company's annual general meeting of shareholders in Basel, Switzerland.
April 5 -
Users of the stablecoin Tether were able to access the U.S. banking system via the Signet payments platform, which was operated by failed Signature Bank.
April 5 -
The cost and scope of data sharing were among bankers' top complaints, while fintechs would like fewer restrictions, a report by the Consumer Financial Protection Bureau found.
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