Adrienne Harris, head of the New York Department of Financial Services, will step down after four years in the job. She will be replaced by Kaitlin Asrow as acting superintendent beginning on Oct. 18.
Banks and others have been rolling out new technologies and updated features in recent weeks that are designed to improve customer satisfaction. Following are five ways banks are aiming to use software upgrades to delight customers in major and minor ways.
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As part of its resurrection plan, the terminal maker will pursue financial inclusion and growth markets for ATMs as it prepares for its relisting on the New York Stock Exchange.
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In global news this week, Microsoft is working with the London Stock Exchange Group on artificial intelligence, Apple's mobile wallet debuts in Vietnam and more.
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Bank of New York Mellon, U.S. Bank and others are looking at how the Federal Reserve's instant settlement network could safely speed up routing, payroll and billing.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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The private-equity giant Carlyle Group agreed to acquire a majority stake in a Claren Road Asset Management, a $4.5 billion long-short hedge fund.
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The average immediate annuity premium is $107,000, and 90% of policyholders purchase additional riders that either keep payments flowing to heirs, or that return the balance of the contract to heirs, if the contract holder dies unexpectedly early, according to Limra research.
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PrimeVest Financial Services, Inc. has tapped into substantial demand for third-party marketing services among banks and credit unions that want temporary solutions or want to limit their level of commitment.
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Repayments on acquired residential mortgage loans were the main reason, but other bottom-line boosters more than made up for that, the Buffalo, N.Y., bank said in reporting second-quarter results.
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Credit unions in the Silver and Golden states saw strong increases in growth and deposits during the first quarter of 2018.
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With ruling in GSE case, the two agencies are emerging as the test subjects for a legal showdown over their authority.
The top five banks and thrifts have a combined first mortgage loan volume of more than $1 trillion.
After hurricanes and strikes stalled job growth in October, the economy added 227,000 jobs in November.
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The time has come for the payments industry to take a long, hard look at how we market and sell enhanced pricing programs, says Clearent's Phil Ricci.
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We’ve seen many companies embrace faster and easier payments systems, says Citizens' Matt Richardson.
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It’s easy — but pointless — to lament the havoc that the economy has wreaked on performance metrics lately. Instead, draw up an opportunistic new plan, urge your employees to focus on execution and worry less about what rivals are doing.
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Chung has led the development of new initiatives to enhance the bank's ability to help small business owners, increasing revenue and aiding the community in their excitement and their struggles.
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The Consumer Financial Protection Bureau received pointed pushback from banks in their public comments on a proposed rule that would slash the number of nonbanks being supervised in four key markets.
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There's no designated lender of last resort for nonbank stablecoin issuers in either the recently-passed stablecoin bill or the crypto market structure bill being considered, which experts say could mean bailouts down the road.
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QNB's proposed $41 million deal to acquire The Victory Bancorp in Limerick, Pennsylvania, is set to create a community bank with $2.4 billion of assets.
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Many express frustration with either real or perceived doubts about clients' concerns, but experts say they're missing an opportunity to address them up front.
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The operation washed checks stolen from USPS boxes and used "money mules" recruited on Instagram, causing financial and personal distress for victims.
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The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
The 23rd annual ranking of women leaders in the banking industry.
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