Payments greater than $1 million are favored among the Charlotte-based bank's corporate clients; the U.K.'s Financial Conduct Authority taps NVIDIA for AI testing and more in this week's global payments roundup.
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Richmond, Virginia-based Atlantic Union is still integrating its recent acquisition of Sandy Spring Bank in Maryland. But CEO John Asbury has already begun plotting a new expansion course.
May 13
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Tentative appointments at the Federal Deposit Insurance Corp. and the Federal Reserve have compliance officers reading the tea leaves for future policy plays.
May 13
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Aspire USA, part of Valsoft and AllTrust, took over a year to notify victims of a February 2024 breach. The companies aren't sure what data was stolen.
May 13
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The Federal Reserve Board terminated a written agreement with Du Quoin State Bank from 2023. The order had stemmed from the bank's deficient interest rate risk management.
May 13
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Senate Banking Committee ranking member Elizabeth Warren is pushing the Department of Justice to use its power to halt the deal, already approved by bank regulators.
May 13
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Chargebacks are a growing problem, but there are steps banks can take to keep losses from spinning out of control.
May 13
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Price growth continued to trend toward the Federal Reserve's 2% target, but not enough to spur action from the central bank.
May 13
Craig Walker is Head of Product Strategy at Digits, where he's helping to reimagine accounting in the age of AI. A seasoned industry leader, Craig was co-founder and founding CTO for online accounting and small business software, Xero. Craig is bringing that experience to building the next generation of accounting software in Digits.
Payments greater than $1 million are favored among the Charlotte-based bank's corporate clients; the U.K.'s Financial Conduct Authority taps NVIDIA for AI testing and more in this week's global payments roundup.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Growing loans was a tall order in 2024, but banks that could do just that were able to outperform their peers.
Seven of the 20 top-performing banks with $2 billion to $10 billion of assets last year were based in Texas. But it's not about being bigger.
The House Financial Services Committee passed a crypto oversight bill in a 32-19 vote, as well as several other bills bankers support, including one to curtail abusive trigger leads in mortgage lending, in a lengthy markup.
Dr. David A. Wood is passionate about understanding new technologies and implementing them into the curriculum of Brigham Young University, where he works as the Glenn D. Ardis professor of accounting. He has published over 200 articles in a combination of respected academic and practitioner journals, monographs, books, and cases, including a recently released book on AI titled, "
The Treasury secretary is being touted to lead the central bank after President Donald Trump said he would name Jerome Powell's successor "very soon." Powell's term as Fed chair ends in May 2026.
Payments greater than $1 million are favored among the Charlotte-based bank's corporate clients; the U.K.'s Financial Conduct Authority taps NVIDIA for AI testing and more in this week's global payments roundup.
The House Financial Services Committee passed a crypto oversight bill in a 32-19 vote, as well as several other bills bankers support, including one to curtail abusive trigger leads in mortgage lending, in a lengthy markup.
Dr. David A. Wood is passionate about understanding new technologies and implementing them into the curriculum of Brigham Young University, where he works as the Glenn D. Ardis professor of accounting. He has published over 200 articles in a combination of respected academic and practitioner journals, monographs, books, and cases, including a recently released book on AI titled, "
The Treasury secretary is being touted to lead the central bank after President Donald Trump said he would name Jerome Powell's successor "very soon." Powell's term as Fed chair ends in May 2026.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
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John Buran shares how his New York bank and its small business customers are faring with tariff uncertainty — and how some have quickly changed suppliers and modified business plans — in the latest American Banker podcast.
July 15 -
Staking activities and stablecoins are two of the possible ways banks could have a role in decentralized finance, said Margaret Butler, head of the financial services practice at the law firm BakerHostetler and Kristiane Koontz, director of Treasury Services and Payments at Zions Bank, in interviews recorded at the Digital Banking Conference in June.
July 1
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The neobank reported a 47% increase in revenue in the first three months of the year.
May 8
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Julian, the bank's onetime audit chief, recently agreed to settle with the Office of the Comptroller of the Currency for a tiny percentage of the $7 million the agency had been seeking. In an interview, he spoke about the expensive legal fight and who bears responsibility for the bank's fake-accounts scandal.
May 8
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Investors seemed to agree with CEO Barry Sloane's argument that strong earnings will outweigh a jump in nonaccrual loans.
May 7
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While other European-based banks have retreated from the United States, Santander is doubling down by building out its nationwide digital-banking platform. "Unequivocally," said U.S. CEO Christiana Riley, "the opportunity … is so clear."
May 7
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Federal Reserve Chair Jerome Powell declined to say whether he would depart the central bank after his chairmanship ends next year, as is typical with Fed chairs who are not reappointed. He also pushed back on criticism from one potential replacement.
May 7
