Huntington's $7.4 billion acquisition of Cadence would give the Ohio-based bank a top-five market share in both Dallas and Houston. It comes just a week after Huntington closed its last Texas acquisition.
Forward-thinking companies could get a reputation lift from being first out of the gate with interesting apps. Banks could also be first to help protect customers from the inevitable privacy leaks that the IoT will make possible.
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Shared services organizations PSCU and Co-op Solutions are offering post-purchase buy now/pay later loans, with the goal of reaching consumers who are concerned about managing their credit.
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Mastercard, Visa and American Express are reportedly preparing to add merchant codes to identify firearm purchases, forcing the networks to straddle a hot-button issue in an election year.
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With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.
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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Bank of America Corp.'s Merrill Lynch investment bank unit said it has hired a Royal Bank of Scotland Group PLC executive as its chief financial officer.
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Stifel Nicolaus & Co. has opened a private client office in Irvine, Calif., marking its latest addition as part of an aggressive expansion push into the western states.
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JPMorgan Chase's banner quarter didn't stop executives from warning that the pause in rate hikes could crimp profits, or from hinting that the bank might downsize its mammoth mortgage operation.
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2018 was mixed bag for credit unions in the Wolverine State, with membership and lending still seeing positive numbers but down from previous years.
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A bipartisan proposal would allow for the removal of the FHFA director if the agency approves CEO salary increases at Fannie and Freddie beyond $600,000.
The founder and CEO of Owners Bank, a division of Liberty Bank, is one of American Banker's 2024 Innovators of the Year.
With regulatory bills making their way through both houses of Congress, stablecoins could soon play a larger role in the financial system — with important implications for the Treasury market.
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The agency's invitations to "Come in and talk" often precede investigations and subpoenas.
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Regulators are starting to look at bank-fintech partnerships as a source of systemic risk, but the real problem is the lack of consistent prudential rules outside of banking.
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The Biden administration's Property Appraisal and Valuation Equity Task Force is working to eliminate race-based bias in the assessment of home values.
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Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
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The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
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At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
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Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
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New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.
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Federal Reserve Gov. Christopher Waller has directed central bank staff to explore the concept of a limited payment account, which would give nonbank entities in the payments space — including crypto firms — access to traditional payment systems.
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Federal Reserve Governor Stephan Miran said the economic standoff with China could increase market volatility, further necessitating the central bank to move its policy stance to neutral.
"We actually see a little bit more strength in the nonprime [consumer]," CFO Brian Wenzel told American Banker.
The 23rd annual ranking of women leaders in the banking industry.
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