Legal experts say the Supreme Court's decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court's views on independent agencies may be, it views the central bank differently.
Hackers in several financial services industry data breaches targeted customer-contact information that is often thought of as less sensitive. But crooks can use that data and other bits of stolen info to do great harm.
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The financial institution released details of an FDIC consent order, weeks after the unexpected departure of longtime CEO Roger Hochschild. The bank must submit several action plans to address consumer protections within three months.
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With worries about inflation and the economy, fintechs and banks sense an opportunity for new technology that speeds transactions and slices overhead.
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Less than a month after Ripple said it had agreed to acquire custodian Fortress Trust, the crypto company is backing out of the deal.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Morgan Stanley, owner of the world's biggest brokerage, is struggling to prove its new model works after failing to ride a surge in equity and bond markets.
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Fannie Mae and Freddie Mac issued new capital requirements for private mortgage insurers that will create big swings in carriers' asset reserves.
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Analysts say the proposal will hurt more than help, and while it isn't expected to gain traction soon, that could change if Democrats retake the Senate.
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The House of Representatives passed two bills that would tie appraisal waivers for Small Business Administration loans to bank rules for commercial real estate loans, despite objections from the Appraisal Institute about its members being cut out of transactions.
CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues. The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank.
While most of the Biden administration's prudential banking regulations can't be overturned under the Congressional Review Act, late-breaking rules by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency's M&A rules could be overturned.
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Though the Paycheck Protection Program is winding down, the Small Business Administration has prolonged several other pandemic relief programs. Community banks can help local businesses sort through their options.
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As attitudes about corporate responsibility evolve, regulators will expect banks to take a more proactive approach to environmental, social and governance issues. That means going beyond assessing climate-related risks to incorporate a focus on ethics, culture, inclusion and customer protection.
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The issues associated with environmental, social and governance policies cut across all the traditional concepts of risk facing bank executives and will endure for years.
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In addition to swiping exchange business from rival NYSE, Friedman has diversified with compliance software and anti-financial crime offerings for banks and securities firms.
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Knox, who has led the private bank for the past 7 years, is building out a multigenerational team to support the needs of current and future clients.
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The globe-trotting exec, known for her relationship and financial-structuring skills, is betting that AI and other initiatives can help grow client totals by 50% over the next five years.
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A passion for helping people and institutions achieve their financial goals has fueled Hung's 35-year career.
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Hans, who has been in wealth management for more than 20 years, said that her biggest challenge last year was dealing with market volatility.
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Eight years after its launch, Early Warning's peer-to-peer payments platform Zelle is so ubiquitous it's almost a verb. It's looking for similar recognition for Paze in its jersey patch partnership with the NBA's Atlanta Hawks.
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In a still challenging CRE market, McShane emphasizes careful underwriting and sticking to fundamentals.
Following the bank's acquisition of Heartland Financial, Wilson and her team have been in "extremely heavy lifting" mode.
The 23rd annual ranking of women leaders in the banking industry.
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