The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.
The bank owners of the clearXchange payments network and the Early Warning risk management service hope that by combining the two programs, they can remain in control of technologies that will become core to mobile commerce.
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In a bid to help phase out passwords, Mastercard is launching an authentication service that enables consumers to confirm their identities with fingerprint and facial recognition technology when signing in to accounts.
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The credit card issuer said it's "cautiously optimistic" about its borrowers' financial health, with charge-offs expected to rise not much further than pre-pandemic levels. The upbeat outlook contrasts with a key competitor's guidance of significantly higher losses.
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The digital financial services firm announced layoffs Tuesday, with the goal of keeping the company steady until conditions improve for its business users.
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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Dynasty Financial Partners last week detailed an ambitious plan to expand its adviser network to between 100 and 150 top-tier registered investment advisers with total assets under management of around $50 billion during the next five years.
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In the wake of the economic downturn that pummeled markets and investor accounts, one would think financial advisers would have learned that forging and maintaining extensive contact with their clients is critical to keeping and finding new business.
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Americans appear hesitant to tie up their money, even though inflation is easily outstripping the paltry interest rates paid by their liquid accounts.
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Lawmakers still have a long way to go before enacting housing finance reform, but the testimony could signal how future legislative talks will play out.
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Low unemployment and the promise of millions of new jobs have some in the industry seeing a chance to increase membership and lending in the Lone Star State.
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The Federal Housing Finance Agency in recent years has required Fannie Mae and Freddie Mac to contribute to the funds every March, but has yet to make a 2019 request. Housing groups see the delay as a troubling sign.
The beleaguered Los Angeles-based bank reported its strongest quarterly results in more than a year, but executives at its Canadian parent company cautioned that improvements may not be linear.
The state legislature has passed a bill that would remove exceptions to a 12% interest rate cap that would make many alternative forms of lending infeasible. It sits on the governor's desk, awaiting signature.
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The agency must take a principles-based approach rather than trying to cover every possible issue in detail.
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It is essential to place the central focus on race, to bring nondepository mortgage lenders under the Community Reinvestment Act umbrella and to address bias in home appraisals.
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A combination of higher organic loan growth and fee-based revenue streams powered top-performing banks in 2021.
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The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
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While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
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Amid growing deepfake threats and successful biometric bypass attempts by fraudsters, the bank added an extra layer of security to strengthen the authentication process.
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The Bank of New York Mellon had 117 different AI solutions in production at the end of September, Chairman and CEO Robin Vince said. That's up 75% from the second quarter.
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An internal error worth more than double the world's GDP highlights both the operational risks and the transparent, self-correcting nature of public blockchains.
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Noninterest income at the Minneapolis-based company jumped more than 10% during the third quarter, while asset quality improved and expenses held steady. "Our focus is very much on organic growth," said CEO Gunjan Kedia.
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The "Roughrider" coin, which is scheduled to launch in early 2026, will be the first state stablecoin to launch on Fiserv's digital asset platform.
The Accountability Board, a three-year-old-group focused on corporate governance issues, said the bank shouldn't have backtracked on a longstanding policy separating the chairman and CEO roles.
The 23rd annual ranking of women leaders in the banking industry.

































































