The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
Fintech firm Tanium says it has found a unique method for securing the tens of thousands of vulnerable points in the computer networks of banks and other companies.
-
In a crowded market for mobile payment apps, the search giant hopes to expand its support of driver's licenses, providing a key method of authentication for more financial services.
-
Germany, traditionally a cash-heavy economy, is seeing a rise in debit card use. Meanwhile, Indian regulators accuse several crypto exchanges of violating anti-money-laundering rules.
-
The bank's cross-border transaction service opens a new lane for customer acquisition in an increasingly competitive niche.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
While there is a general concern that inflation may be coming, there is little consensus among target-date funds on how to prepare for it.
-
Still smarting from the downturn, some wealthy families are turning to external chief investment officers for help managing their investments and controlling overhead.
-
They may have money, but lots of affluent baby boomers don't have enough to live the way they want to in retirement. And it's becoming the job of many financial advisers to tell them so.
-
Following a congressional mandate, the consumer bureau solicited public feedback on Property Assessed Clean Energy loans, which have been deemed risky by the Federal Housing Administration.
-
The Arizona-based CUSO returned $6.2 million in cash rewards to its credit union members for 2018.
-
The Mortgage Bankers Association, National Association of Realtors and 26 other groups warned the agency not to pursue steps reducing the scope of Fannie Mae and Freddie Mac that could upset the mortgage market.
The Puerto Rico-based company's board of directors has given an additional title to COO Javier Ferrer, naming him president as of May 9. His career path closely resembles that of his boss, CEO Ignacio Alvarez.
The probes come at the request of Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., respectively the ranking members of the Senate Banking and Senate Finance committees.
-
For all of the regulators’ progress over the years, many are still relying on an internal technology framework that was built for 1992, not 2022.
-
To create sensible rules around decentralized finance, regulators have to have an open discussion with businesses in the industry. To do that, they must create a path for collaboration.
-
Widespread sharing of financial and other data creates enormous privacy risks for consumers, many of whom have no real understanding of the danger.
-
New research from American Banker finds that most are still hashing out plans for crypto and stablecoins, but a handful have already launched projects.
-
CEO Bill Demchak said there seemed to be "some confusion," after PNC's stock fell some 4% on Wednesday.
-
Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
-
Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
-
After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
-
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
"Large enough to matter, small enough to care:" Kedia's vision for U.S. Bank
Thurlow led the Massachusetts-based mutual bank through a merger that increased its asset size by nearly 40% while serving as the chair of the ABA last year.
The 23rd annual ranking of women leaders in the banking industry.


































































