The federal Small Business Investment Company program has seen a spike in interest since a new rule incentivizing support for early stage companies took effect in 2023. Now there is growing political support for ways to further bolster the program.
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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PingPong and Perch want to make it easier for third parties, which are often accumulated into a larger group by acquisition, to sell overseas on Amazon's platform.
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Instacart has reached a deal with JPMorgan Chase to offer a credit card to customers who’ve flocked to the grocery delivery service during pandemic lockdowns.
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Gift card giant Blackhawk Network has partnered with Bakkt, which offers an app to manage various digital currencies.
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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Last year was a difficult one for mutual fund performance, but that has not prompted bankers to revamp their lineups of preferred funds and fund families.
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Citigroup Inc. has announced the hiring of Deborah Doyle McWhinney to head its personal wealth management division, which includes the U.S. network of Citibank branch-based advisers and other financial planning and wealth management services.
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U.S. institutional investment plan sponsors reported a sixth straight quarter of losses in the first quarter but ended the period on a positive note, according to data from Northern Trust Corp. in Chicago.
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WASHINGTON — The Federal Deposit Insurance Corp.'s takeover of IndyMac Bancorp Inc. is giving the agency the chance to practice what it has preached on loan modifications.
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WASHINGTON — New laws and regulations designed to reform the mortgage brokerage industry missed at least two key problems, according to industry observers.
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A provision tucked in the housing rescue law lets banks invest in public welfare projects without regard to a community's income levels, removing a limit set by a 2006 law.
More than half of the nation's 20 largest commercial banks, including Citigroup and PNC, have stopped charging nonsufficient-funds fees, and another four are scheduled to end the practice by year-end. That leaves three holdouts: SVB Financial, Huntington and MUFG Union Bank.
Six regulatory agencies are seeking public comment on a proposed rule that would establish best practices for using automated valuation models to assess collateral.
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Cloud computing has boosted P2P and makes it easier for developers to build new businesses and payment technology, says Demetrios Zamboglou, BABB's chief operating officer.
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With some adjustments, the loan-loss accounting standard can be more secure and workable for banks.
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For banks and financial institutions, the wave of the future is using technology to optimize, not eliminate, their cash-handling processes, writes Diebold Nixdorf's Devon Watson.
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The co-founder of Strategas Securities is no longer in the running to become U.S. Treasury assistant secretary for financial markets due to a newly discovered health issue.
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The Office of the Comptroller of the Currency said it would cease its participation in interagency principles for regulating climate-related risks at the banks it regulates.
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The ECB president said demand for higher-skilled workers who can use AI would rise, while those less able to learn new skills could suffer.
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An executive order requiring the government to stop issuing paper checks is expected to help banks, which have seen a rise in check fraud with the introduction of mobile deposits and digital check imaging.
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This transaction, following Rocket's purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow.
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The deal was highly vetted with regulators following the publicly traded company's failure to obtain approval in a past agreement, an executive said.
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Unclear and inconsistent signals from Washington about tariffs, tax policy and the capacity of federal agencies are already spurring more conservative consumer-spending habits and could drag down economic growth, economists say.
Thirty members of the Senate Banking and House Financial Services committees signed a letter petitioning the administration to name a new vice chair for supervision — and quickly.
The 23rd annual ranking of women leaders in the banking industry.
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