The sale of AO Citibank to Moscow-based Renaissance Capital marks the end of an exit plan that started in 2021 and expanded after Russia invaded Ukraine the following year.
The bank tweeted that website and mobile app service were restored after an outage that lasted much of the day.
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The payment giants have added emerging forms of artificial intelligence to identify cybercrime, fraud and scams, countering crooks who are also embracing the innovation.
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Global Payments executives touted the company's Genius point of sale rollout and Worldpay acquisition during a second-quarter earnings call with analysts, but some are concerned the reinvention is coming too late.
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The card brand's Pismo platform will support banking services for the Auckland-based fintech Dosh; Tether collaborates with a blockchain firm to expand USDT. That and more in American Banker's global payments and fintech roundup.
The generative AI technology has been through a cycle of media buzz, disappointment and disillusionment.
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Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.
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The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management.
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After shaking up the financial services industry last month by eliminating commissions for all online trades, Charles Schwab is setting its sights on building out its lending services.
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Citing "changing market dynamics," the company announced it will exit mortgage lending this summer.
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As part of its receivership of Signature Bank, the agency was given the stock to sell by June 8.
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The CEO of Kind Lending chatted about his current and past businesses, how to build a successful shop and his upcoming book.
The Cleveland bank is working with Personetics to provide advice and help to digital banking customers that takes into account their circumstances, current transactions and history.
Industry groups and consumer advocates are continuing to push for regulators to interpret the GENIUS Act's prohibition on stablecoin interest as broadly as possible, while crypto firms push for a narrower interpretation, arguing that increased competition would benefit consumers.
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Some reforms to the system might be necessary, but it would be unwise to eliminate a critical source of funding for banks across the country.
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President Trump has promised to reduce banking regulations, a form of indirect tax or "bank tariff," that will help the banking industry. But, he also plans to impose new tariffs on imports that may adversely impact agricultural and manufacturing industries and thus their banks.
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The incoming administration will have a number of tools at its disposal to immediately pare back stifling federal regulation of financial services and boost the housing market. It should use them.
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Sens. Ted Cruz, R-Texas, and Katie Britt, R-Ala., offered a new bill that would index the Durbin Amendment's debit fee threshold to inflation. The bill joins a number of community bank-centered bills offered or moving through Congress
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While "Q-Day" may be years away, experts warn hackers are already harvesting encrypted data to decrypt later, making the transition to new standards urgent.
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Minal Gupta has implemented new financial technology for years as an executive, and is taking the helm of her credit union as the entire industry ponders how to use real-time payments and new forms of AI.
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The Southeast Asian financial services company acquired micro-investing fintech Stash and earned a yearly profit for the first time in its 2025 earnings report.
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The Made in America Manufacturing Finance Act would double the loan-size threshold for SBA manufacturing loans to $10 million. It would be the first change to the limit since 2010.
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TIAA's asset management arm will have $2.5 trillion of assets after the combination with a storied U.K. firm.
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The Bureau of Labor Statistics issued its delayed January employment report Wednesday morning, showing the economy added 130,000 jobs in January. But the agency also sharply revised its estimates for total jobs created in 2025 to 181,000 from 584,000.
Bank-favored provisions that were included into the House's version of a bipartisan housing bill threaten to derail Senate passage, but Senate Banking Committee moderates seem skeptical of the combination.
The 23rd annual ranking of women leaders in the banking industry.
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