Equity Bancshares is expanding into Nebraska with the proposed acquisition of Omaha-based Frontier Holdings; Valley National Bancorp taps Patrick Smith as its new president of consumer banking; Northern Trust in Chicago promoted Michael Hunstad to president of asset management; and more in this week's banking news roundup.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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Klarna, Fiserv, Worldline and other tech firms are using artificial intelligence-powered systems such as ChatGPT to modernize their offerings.
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Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.
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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.
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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Bank brokerage had a terrible 2009 as investment revenue per $1 million in retail deposits fell 12%, according to Kehrer-Limra, which now has full data for last year.
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State Street Corp., known for its passive asset management, may soon expand its small active management business. The Boston company is in talks to buy the asset management unit of Bank of Ireland, according to Bloomberg News.
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Robert Diamond, the architect of Barclays PLC's investment banking expansion, was appointed the bank's chief executive and pledged to boost its consumer unit.
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Laurie Maggiano, the Consumer Financial Protection Bureau's program manager for servicing and secondary markets, died on Sunday.
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The Senate Banking Committee is expected soon to release a bipartisan bill that would significantly reshape the housing finance market, but key issues remain unresolved.
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The IRS has taken corrective actions to speed up its income verification system, avoiding a possibly crippling slowdown for the mortgage industry, but long-term issues remain.
Executives say the $213 billion-asset company's strong credit performance in the third quarter positions it to pursue loan growth next year.
A huge amount of money has flowed into the election from cryptocurrency interests, setting up a different financial policy scene, including for bankers, next year.
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Finance teams can cut down their workload significantly and free up time to analyze data and make more strategic decisions towards improving customer experience and business growth, says RecVue's Amit Chaudhry.
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With many impacted businesses still not ready to comply with the now enforceable CCPA, CPRA affected payment processors should start preparing for this new piece of legislation, says Abine CEO Rob Shavell.
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The latest cyberattacks pointing to the Russian government show that U.S. federal agencies and banks still lack a clear, collaborative game plan.
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Federal Reserve Gov. Lisa Cook filed a lawsuit in federal court Thursday morning seeking an injunction against President Trump's "illegal attempt" to remove her from the Fed board. The suit claims Trump has not demonstrated "cause" for her removal under the Fed statute.
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Growth in TD's home market has become even more important for the bank after its U.S. anti-money-laundering settlements imposed a cap on its American retail operations.
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A directive from the Federal Housing Finance Agency would cut the number of board seats for Federal Home Loan Banks, especially in dark blue areas of the electoral map.
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Amy Wierenga is taking on the role at a time when the Trump administration and Republicans in Congress are rolling back certain bank rules. She sees opportunities ahead.
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By using a public blockchain, a potential digital euro could be made more widely available. Plus, Klarna expands its merchant reach as it resurrects plans for an IPO, Binance faces an audit and more in the American Banker global payments and fintech roundup.
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The Canadian bank's stateside unit is hiring bankers and investing in growth, according to RBC Chief Executive Dave McKay, following a rough 2023.
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Stablecoin issuers often use Treasury bills as backing reserves. That could put pressure on other parts of the financial system if the industry continues at its current growth trajectory.
Bank trade groups have asked a federal court to halt enforcement and extend compliance dates for the Consumer Financial Protection Bureau's open banking rule that was enacted during the Biden administration. The move comes as the lobbying fight over how the rule will be rewritten intensifies.
The 23rd annual ranking of women leaders in the banking industry.
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