Roland Harbin of First Chatsworth Bankshares in Georgia is part of a trend of bank directors continuing to serve well beyond the traditional retirement age.
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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John and Patrick Collison became two of the world's richest millennials over the past decade as Stripe's valuation surged more than 5,000% — an ascent emblematic of the easy-money era. It hasn't been so easy of late.
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Amid the fallout from the Silicon Valley Bank shutdown, some argue that reduced processing time could mitigate systemic disruptions.
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The service offered by the Federal Reserve — after years of delays — is expected to expand access to fast payments clearing to a broader selection of banks and financial institutions.
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 representatives' productivity rose by a little less than 13% in June, to $25,361 in combined fees and commissions, up from $22,485 in May, according to the Bank Insurance and Securities Association's Monthly Productivity Report.
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The majority of 401(k) participants exhibited steady savings behavior in the second quarter, but the number of loans and hardship withdrawals increased, according to data from Fidelity Investments.
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Hedge funds started making money again in July, with the Morningstar 1000 Hedge Fund Index up 2.7% over the previous month. The index was up 0.35% year to date, Morningstar said.
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Two different credit unions have seen success offering new mobile functionalities that meet specific pain points for members.
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The president's vow to come down hard on the San Francisco bank fans a debate about the independence of regulatory agencies such as the CFPB.
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For the second week in a row, the CFPB's leadership shakeout dominated readers' attention, while a regional banker discussed efforts to fight hacking and the impact of the tax cuts, and bitcoin's price soared.
The job cuts came after CEO Bill Demchak said in July that he was "taking a hard look" at opportunities to reduce expenses. PNC joins a growing list of banks that have laid off workers amid declining growth prospects.
Emerging clean technologies championed by the Biden administration — ones that commercial banks may be too risk-averse to back at the scale needed — stand to lose a critical funding source if Trump is elected.
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The events of this year transformed banking, for better or worse. Smart bankers will build on the ways they learned to do their jobs better.
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It's important that breach mitigation strategies take younger people, gaming and school into account, says ForgeRock's Ben Goodman.
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Credit unions that hope to fully reopen their facilities need to have a plan in place to ensure employees are being careful and not spreading the coronavirus.
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A recent bargaining session was interrupted when union representatives learned that a Wells executive who wasn't in the room could hear what was being said. The bank maintains that it was a simple mistake involving a Microsoft Team meeting that should have been disconnected, but union officials aren't buying that story.
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Scattered Spider, a cybercrime gang whose targets include banks, has seen five of its members arrested for SIM-swapping and phishing schemes that stole millions.
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Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with the matter.
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The Consumer Financial Protection Bureau has fined Synapse $1 for its role in a $60 million to $90 million shortfall in fintech users' accounts.
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A federal appeals court granted the government's request to pause a ruling that briefly restored Democratic National Credit Union Administration board members Todd Harper and Tanya Otsuka, leaving the regulator with a single board member pending appeal.
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Erik Porter will succeed Lisa Oliver as president and CEO of the Cooperative Bank of Cape Cod; Gary Hall and Sobani Warner are named co-presidents of Siebert Williams Shank; Faiz Ahmad and Mike Joo will lead Bank of America's global investment banking unit; and more in this week's banking news roundup.
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Amid waning federal support for community development financial institutions and minority depository institutions, a program launched by two banking trade groups is beginning to generate a steady stream of deposits for mission-focused lenders.
Federal Trade Commission data shows scam losses for adults 60+ have skyrocketed, with banks under pressure to strengthen protections.
The 23rd annual ranking of women leaders in the banking industry.
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