The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
Even though cybersecurity jobs can offer six-figure salaries, generous signing bonuses and other perks, banks are struggling to find people to hire.
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A reader takes issue with a column by the agency's former director in which she criticized its analysis of the consumer credit card market.
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The Swedish financial institution argues over potential regulations that treat buy now/pay later lending like credit cards in the U.S.; Discover seeks the next hot market for real-time payments; and more.
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The Illinois state legislature, as part of an agreement with retailers to raise state tax revenue, passed a budget bill that would bar the collection of interchange fees on sales taxes, excise taxes and tips for transactions that would be subject to Illinois sales taxes.
The fintech is partnering with Choice Financial in North Dakota to create a Douugh-branded checking account and debit card that will prominently feature an AI-based virtual assistant named Sophie.
The Maine-based bank's bid for Northway Financial was valued at $86.6 million. It is expected to be finalized in the first quarter of 2025.
The banking industry groups suing the Federal Reserve over its stress testing practices filed a motion for a summary judgment in the case, arguing that a quick resolution could ensure changes are made prior to the 2026 stress testing cycle.
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Curt Farmer, CEO of the Dallas company, defends its management of a Treasury Department program that provides federal benefits on prepaid cards. He says a recent American Banker investigative article "ignores the fact that Comerica took steps to protect Direct Express users when it became aware that a third-party vendor had not followed program protocols for reviewing customer inquiries."
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The ill-conceived proposed rule would increase costs for a significant majority of credit card customers.
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A full accounting of regulators' actions in the lead-up to the collapse of Silicon Valley Bank, as well as other recent bank failures, is necessary to restore public confidence in both the banking system and the government itself.
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Under Johnson's leadership, Franklin Templeton launched a private equity fund along with two real estate funds in 2024.
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Yeshaya, a daughter of immigrants, said she sees the challenges she's faced as opportunities for growth.
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Given the volatility in the market, Shue is spending more time on the road speaking to clients.
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Key to Graper's performance is her ability to "anticipate windows of opportunity" and then give clients the confidence boost they need to act.
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Under El-Hillow's direction, Russell is exploring approaches that can generate more consistent value from active strategies.
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Since joining Mizuho six years ago, Katz has had to contend with the COVID pandemic, a liquidity crisis, the regional banking meltdown and rising interest rates.
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The House is slated to vote on a resolution to fund the government Wednesday morning, setting off the resumption of programs that are important — particularly for the smallest banks.
The 23rd annual ranking of women leaders in the banking industry.
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