Vectra Bank Colorado President Bruce Alexander is retiring after 25 years with the bank; Unilever Federal Credit Union in New Jersey was shut down by NCUA; Vista Bank hired Bob Mahalik in preparation for Texas bank M&A; and more in this week's banking news roundup.
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.
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The bank, which helped launch the real-time network for peer-to-peer payments, is trying to duplicate that success by helping corporate clients process certain transactions instantly with wholesale partners and, in some cases, retail customers.
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The move means companies can give consumers options other than ACH transactions or debit cards to receive disbursements for insurance claims, health care or gig work.
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Customers have been particularly frustrated with midsize issuers for failing to adjust their rewards programs to reflect changing behavior and generally being less responsive than large issuers, according to a new report from J.D. Power.
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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Second-quarter individual annuity sales fell 9%, to $60.5 billion, from the three months before, and 11% from a year earlier, according to a Limra International survey.
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Six years ago Trustmark National Bank of Jackson, Miss., had a nice complement of wealth management businesses — trust brokerage, private banking and even a registered investment adviser.
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Calling his state's foreclosure process "badly broken and in need of change," New York banking regulator Benjamin Lawsky wants new policies enacted to fast-track vacant property foreclosures and reform the state's mandatory foreclosure mediation requirements.
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U.S. Bank and Bank of America won't have to face lawsuits claiming they failed to safeguard the interests of investors as required by their contracts.
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The regulatory relief package coming before the Senate Banking Committee Thursday would force the Federal Housing Finance Agency to withdraw the contentious proposal within 30 days.
The Pacific Northwest bank has agreed to divest 10 branches as a condition of the Department of Justice's green light of its merger with Umpqua Holdings. The deal still needs the blessing of the Federal Deposit Insurance Corp.
The Attorney General's office found the firm complies with a 2021 state law banning contracts with companies that "discriminate" against the firearm industry.
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Digital payments and new financial services add complexity to the rules, says Joel Sherwin of Weinberg Gonser LLP.
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As requirements change, open standards can help governments feel confident that solutions are agnostic, flexible and safe from vendor lock-in, says the OSPT Alliance's Luiz Guimaraes.
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Arleas Upton Kea shares her 30-year journey to become the first African-American woman to serve as deputy to the FDIC chairman and chief operating officer.
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In the megabank's latest sign of progress with regulators, it said that a 7-year-old CFPB order has been terminated.
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Two Democratic members of the National Credit Union Administration board of directors are suing the Trump administration for wrongful dismissal, a suit that could have implications for the Federal Reserve and Federal Deposit Insurance Corp.
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After the Washington bank's rocky integration with Umpqua, investors are wary of its plan to acquire Pacific Premier Bancorp in Southern California.
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President Trump suggested his sweeping tariffs would help him reduce income taxes for people making less than $200,000 a year.
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Global fintech funding broke $10 billion in the first quarter of 2025 due to increased investment in artificial intelligence and digital asset funding rounds like the $2 billion Binance deal.
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As the president's policy changes on a dime, machine learning can quickly alter strategies for compliance, payments and supply-chain management.
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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.
The first year of Otting's tenure as the New York lender's CEO brought substantial change, but the job isn't done. His goal: to build a powerhouse, profitable regional bank.
The 23rd annual ranking of women leaders in the banking industry.
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