A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
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.
-
The Bank of England is a step closer to launching its own digital currency after a yearlong project concluded the technology could support a "diverse range" of new ways to use money.
-
Sergio Fogel is taking on a new role as co-president and chief strategy officer to help the fintech battle rivals across the globe.
-
Citizens Financial has teamed with Wisetack, which supports dozens of platforms connecting to thousands of home improvement, dental and veterinary service providers.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
The Bureau of Labor Statistics' latest employment report showed a continued downtrend for jobs in the "insurance carriers and related activities" industry, which lost 5,700 from August to September.
-
Piper Jaffray has announced that it will transfer its private capital business to an independent fund manager as of Dec. 1.
-
Banks that set goals for advisers' life insurance sales sell more life products, according to joint research by Kehrer-Limra and Limra.
-
A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more.
-
Readers react to a drive for more public banks, weigh in the launch of an online-only bank, chime in on what millennials need and more.
-
One purpose of the Senate bill was for small banks to rein in skyrocketing costs, but some bankers question whether the changes will save them money, and adapting to the reforms may even increase spending.
The two companies announced the deal more than a year ago and had anticipated closing it in the first half of 2023. But advocacy groups have urged regulators to withhold approval, arguing that it will hurt consumers.
Consumer Financial Protection Bureau Director Rohit Chopra said regulators urgently need to implement the Basel III endgame bank capital proposal, suggesting his opposition to the revised rule centers on the process of re-proposal rather than more substantive opposition to suggested revisions.
-
Lost in the debate about whether to make fintechs comply with the Community Reinvestment Act is that many of them already partner with banks to make loans in low-income neighborhoods.
-
APIs and the cloud can help financial institutions reach consumers who have become accustomed to digital, says Episode Six's John Mitchell.
-
The retailer combines WeChat, digital checkout and coupons to reach a wider market, says Azoya's Franklin Chu.
-
As the chief growth officer, Wu is tasked with customer acquisition and improving customer experience at the fledgling commercial bank, where she was an early employee.
-
To meet client demands for active strategies, crypto exposure and AI-themed funds, Auriault is helping transform Goldman's trading infrastructure.
-
Last year, Lane redesigned the bank's financial control testing system and helped implement its new accounting platform.
-
This corporate "lifer" is building a rich legacy that's going to be hard to beat, but she's committed to helping others follow her playbook.
-
The firm's 'management-as-a-service' philosophy fuels Ferris' achievements.
-
A penchant for asking questions led to Cheslin's promotion to managing director.
- 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.
Most big banks saw modest reductions in their requirements following this year's stress tests. The results come as the Fed prepares to smooth year-to-year swings with a new averaging rule.
The D.C. District Court held a hearing this morning and defendants filed briefs in a case to determine whether Federal Reserve Gov. Lisa Cook will remain on the Federal Reserve Board after her ostensible firing by President Trump earlier this week. No ruling was issued, but one is expected before the FOMC votes in mid-September.
The 23rd annual ranking of women leaders in the banking industry.
-
Partner Insights from FIS -
Partner insights from Infosys -
Partner Insights from Alloy -
Partner Insights from Alloy
