In the 11 months after Fifth Third completes its acquisition of Comerica, the Cincinnati bank plans to send 13 million-to-14 million pieces of paper mail to retail customers. CEO Tim Spence says the old-fashioned method "still works," and actually has some advantages over more modern modes of communication.
While banks are in various stages of development when it comes to distributed ledger technology, the industry is further along than many would assume, big-bank technology executives say.
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The proposed $35 billion merger between Capital One and Discover cleared a major regulatory hurdle as the Justice Department told financial regulators in a confidential memo that it didn't have sufficient evidence to block the transaction.
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The bank technology is launching its signature payment platform in a country where rivals like Square and PayPal are also actively chasing business payments.
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Payments innovation under a second Trump Administration could be up to past and present payment technology executives, per new American Banker data.
With Cybersecurity Awareness Month drawing to a close, CU Journal asked experts a simple question with no easy answers.
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Advisors and clients would benefit acknowledging what's really driving financial decisions.
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Advisors often fail to truly understand their clients' most vital goals, an advisor says at the InVest Conference.
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Panelists: Danielle Fava, Director, Product Strategy and Development, TD Ameritrade Institutional; Andrew Manning, MBA, FCSI®, Head of Wealth Management Intermediaries Marketing, Americas Invesco; and Max G. Winthrop, CEO, Winthrop Wealth Management.
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The Consumer Financial Protection Bureau issued a temporary final rule that allows mortgage servicers to initiate foreclosures on abandoned properties and certain delinquent borrowers, but it also outlined additional measures that shield distressed homeowners.
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Ginnie Mae is allowing lenders to securitize modified home loans with this extended term as the Biden administration works to make more housing options available for struggling borrowers.
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Gordon is currently president of the National Community Stabilization Trust, a nonprofit organization that promotes neighborhood revitalization and housing affordability.
The Suffolk, Virginia-based bank has agreed to pay more than $200 million for Old Point Financial in Hampton. It announced the deal just two days after its previous acquisition closed.
Advocates warned the Federal Housing Finance Agency that allowing cryptocurrency assets to be used in the underwriting of Fannie and Freddie mortgages risks taxpayer losses and market instability.
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The company's shareholders are ill-served by its large investments in fossil fuel projects that both damage the environment and present major financial risks.
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Legislation enabling new banklike stablecoin issuers would create direct competition for deposits, with small U.S. banks in the most danger. Where is the pushback from the industry?
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The fintech industry has introduced unprecedented new levels of competition in the financial services sector. The Consumer Financial Protection Bureau's new proposed rules would stifle it.
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The new developer assistant helps corporate clients and partners find and integrate the bank's APIs into their programs and websites.
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Stablecoin yield has continued to be a flashpoint as bank groups look for a blanket ban on crypto exchanges and other nonbanks offering yield-like rewards for holding crypto.
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The Swedish financial institution adds P2P payments as it tries to bolster its neobank aspirations. Payment firms don't like the U.K.'s potential restrictions on stablecoins and more in the American Banker global payments and fintech roundup.
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A week after President Trump demanded a 10% cap on credit card interest rates, top executives at big banks protested the idea in blunt terms.
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Customers reported failed subscription payments and support issues, though a backup system kept some basic functionality online.
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Defenses against financial schemes, both physical and digital, could leave executives scrambling to keep up with the pace of bad actors over the coming months.
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Analysts say credit card companies could face a major hit to earnings, while banks would also be under pressure.
The American Bankers Association and other groups contend the president's plan to cap credit card interest rates at 10% would drive consumers toward less regulated, more costly alternatives.
The 23rd annual ranking of women leaders in the banking industry.
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