CEO Bill Demchak said there seemed to be "some confusion," after PNC's stock fell some 4% on Wednesday.
New software aims to help prevent wireless network hijacking, or "commjacking." But there are also steps banks can take on their own to protect employees and customers from this seldom-discussed but ever-present threat.
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Klarna Bank's former chief operating officer was forced to leave his post at the helm of one Sweden's biggest online savings platforms having held the post for less than a week.
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The bank is adding fintech-style buy now/pay later lending to other recent payment upgrades at its merchant acquiring unit.
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The technology, which has its roots in cryptocurrency, could make corporate transactions more flexible.
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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It sounds like a great deal: an investment that generates guaranteed, tax-free returns that are likely to be well above the inflation rate.
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Banks need to stake out a presence on platforms that have nothing to do with banking.
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The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.
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After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.
The company reported net interest income that slightly missed analyst estimates, a sign the benefit of higher interest rates may be waning amid pressure to pay out more to depositors. Costs rose on higher compensation and an FDIC assessment.
Pressing tech items across banking include the Federal Deposit Insurance Corp.'s impending Synapse rule and Regions Bank's play for an open banking future.
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Financial threats were low on the list of fears chief risk officers at major U.S. banks expect to face in the coming year, according to a recent survey. It’s increased regulation, data management and technology vulnerabilities that keep them up at night.
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A U.S. central bank digital currency is coming, and what form it takes could spell opportunity — or trouble — for the banking industry.
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The National Credit Union Administration has invited feedback from executives after exams, given them a freer hand to partner with cryptocurrency firms and made it easier to start new credit unions, Kyle Hauptman says in touting the agency’s efforts to modernize itself.
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Within the bank's tech, operations and services organization, Brady has minimized turnover and preserved institutional knowledge.
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In 2024, as the Alabama-based bank was facing more competition on its Southeast home turf, Danella was laser-focused on customer satisfaction.
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Heitsenrether has been leading the charge on deployment of advanced AI throughout the bank.
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On Beer's radar: AI, quantum computing, concentration risk
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Piepszak kicked off the year stepping into the chief operating officer position, but she's taken herself out of the running for CEO.
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The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
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Fogarty, who was promoted to chief operating officer of investment services in July, leads the firm's largest business unit.
The imperative is to keep one eye on the business, and the other eye on talent. The former is fed by the latter.
The 23rd annual ranking of women leaders in the banking industry.
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