The ICBA opposed Coinbase's filing for a trust charter in a public letter as Comptroller Jonathan Gould defended the fintech charter process on Tuesday.
The British challenger bank Mondo raised $1.4 million in 96 seconds, it announced Thursday.
-
To help historic restaurants facing dramatic losses when COVID struck, American Express rolled out grants to 25 needy restaurateurs. Four years later, the program is reaching twice as many establishments and the card network's investment has more than doubled.
-
Any approval of the proposed Capital One-Discover merger must come with a pro-competitive 1% interchange fee condition to benefit consumers and small businesses and challenge the dominating duopolist Visa, and a pro-community 5% deposit reinvestment condition.
-
A digital-payment trend that began during the COVID pandemic is being bolstered by features such as rewards and state ID storage.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
Inertia is a powerful force in potential clients, and one that financial advisers must find a way to overcome.
-
A bid by the hedge fund Paulson & Co. to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm's debt is a "fishing expedition" meant to "intimidate," according to debtholders such as Bank of America Corp., Citigroup Inc. and the German central bank.
-
Morgan Stanley, owner of the world's largest brokerage, could shut down its trading businesses and the company would be worth 28% more than Thursday's share price, according to Brad Hintz, an analyst at Sanford C. Bernstein & Co.
-
The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.
-
A handful of institutions in the last year have rolled out loan programs targeting members of the military and first responders, but there could be risks associated with these mortgages if the economy takes a nosedive.
-
As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal.
The infrastructure fund dubbed BXINFRA targets individuals with at least $5 million of investments.
The Mississippi lender said regulators have signed off sooner than expected on its $103.6 million acquisition of First Chatham Bank. The bank's CEO and deal advisers said the speedy approval bodes well for future M&A.
-
More than half of all cross-border payment fees are concealed in exchange rate markups that few consumers understand.
-
Most borrowers cannot understand the information that TILA requires lenders to provide, raising questions about their utility in consumer protection.
-
Community bankers already have decades of experience managing concentration risks and responding to extreme weather events and natural disasters in their communities.
-
The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn't interested in using its excess capital to restructure its securities book.
-
Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast.
-
The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud.
-
A commonly used standard for property and casualty insurance will offer a carve-out for generative AI liability starting in January. Startups like Testudo, Vouch and Armilla AI stand by to scoop up that business.
-
Until August, Bell was the executive director for loan guaranty service at the Department of Veterans Affairs, where he was credited with growing the program.
-
The 30-year rate dropped just 0.2 percentage points, as Federal Reserve Chair Jerome Powell's recent comments caused Treasury yields to rise.
- 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.
The North Carolina bank is the latest lender impacted by the bankruptcy of U.S. auto parts maker First Brands. First Citizens executives said credit was in good shape overall.
The agents could overcome the consumer inertia that keeps people in low-yield bank accounts, the consultants say.
The 23rd annual ranking of women leaders in the banking industry.
- Sponsored by Onfido
- Sponsored by Onfido
-
Partner Insights from Temenos - Sponsor Content from Acxiom
