In a still challenging CRE market, McShane emphasizes careful underwriting and sticking to fundamentals.
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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Discover Financial Services' stock tumbled after revealing a new FDIC consent order regarding consumer compliance. Separately, the financial institution also copped to misclassifying certain credit card accounts into its highest merchant-pricing tier beginning in 2007.
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The launch of FedNow, the Federal Reserve's instant-settlement system, raises many questions for banks, card networks and fintechs regarding costs, routing and other concerns.
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Officials at the central bank have been discussing a real-time payment system for a decade. Work on FedNow began in 2019.
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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Though performance and quality of research remain dominant themes in advisers' decisions on whether to recommend a product provider, their emotional responses to certain companies play a key role, too, Cogent Research said.
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Dan Martino, manager of the T. Rowe Price Media and Telecommunications Fund, has two big advantages over competing fund managers.
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Brent Lynn has beaten 96% of rivals since taking over the Janus Overseas Fund in 2003, in part by investing in stocks from emerging markets such as India and Brazil.
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With President Trump signing the regulatory relief bill into law on Thursday, credit unions expect to see a host of benefits, including changes to MBL regs, HMDA exemptions, changes to the QM rule and more.
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The economy has been expanding for nine years, but one credit union economist believes the tide could be about to turn – and soon.
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An activist investor, which opposed two director nominees, failed to obtain the legally required approval from the Seattle company's state bank regulator before launching its challenge.
The top five banks have combined construction loans of more than $71 billion.
The Securities and Exchange Commission accused a former supervisor with the Federal Reserve Bank of Richmond of trading New York Community Bank and Capital One stock based on material nonpublic information.
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Visibility, compliance and processing can differ widely in different regions, says Payslip's Fidelma McGuirk.
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The pandemic changed consumer priorities quickly--and payment companies need to keep up since the trend is likely permanent, says Signifyd's Indy Guha.
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As accounts payable departments add robotics and other innovation, workflows and skill sets will adjust--but people won't disappear, says Nvoicepay's Lauren Ruef.
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A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
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Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank's top and bottom lines.
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The goal of the regional banking team members is to partner across their respective business lines or service areas to bring in more clients to BofA and to better serve existing clients.
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Led by chief SBA lending officer Anna Chung, the team oversees Hanmi's Small Business Administration lending operation, a longstanding component of the $7.8 billion-asset company's business model.
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Led by Jennifer Warren, who serves as the head of Wilmington Trust, the teamwork resulted in over $2 billion in revenue expansion for the institutional client services division.
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The bank launched Business Essentials, a bundled suite of banking and payment services, following more than a year of development by a cross-functional team from business banking, branch and small business banking, payments, sales and technology teams.
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The Swedish lender best known for buy now/pay later financing in the U.S. became a public company Wednesday, five months after it delayed its IPO due to President Donald Trump's tariff policy.
Opposition is building against a bipartisan bill that would raise deposit insurance for business accounts, with increased deposit insurance premiums a chief concern.
The 23rd annual ranking of women leaders in the banking industry.
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