Customers expect fast loan approvals, CEO Brad Calhoun says, so the credit union now lets artificial intelligence decide who will get credit cards, auto loans and personal loans.
-
The Detroit lender will take a first-quarter hit due to a latest balance sheet restructuring, but said the play should boost profitability in the long term.
March 5
-
Lloyds Banking Group said its system reduces false security alerts by up to 92%, and AI developments could further improve its performance.
March 5
-
Consumer advocates MyPath and the Mississippi Center for Justice have been allowed to intervene in a banking industry lawsuit challenging the CFPB's $5 overdraft fee cap for large financial institutions after the bureau declined to defend the rule.
March 5
-
Senate GOP leaders also aim to make the TCJA tax cuts permanent, which would raise the costs of tax reform unless a new scoring method is adopted.
March 5
-
The top five bank M&A deals had an average deal value to tangible common equity ratio of nearly 185%.
March 5
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Micky Marshall is assistant vice president and regulatory counsel for the Independent Community Bankers of America.
Dominic Piscopo, CPA, is the founder of
The neobank reported a 47% increase in revenue in the first three months of the year.
Customers expect fast loan approvals, CEO Brad Calhoun says, so the credit union now lets artificial intelligence decide who will get credit cards, auto loans and personal loans.
Micky Marshall is assistant vice president and regulatory counsel for the Independent Community Bankers of America.
Dominic Piscopo, CPA, is the founder of
The neobank reported a 47% increase in revenue in the first three months of the year.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
-
The banks have invested in gen AI and embedded finance, respectively.
August 12 -
John Buran shares how his New York bank and its small business customers are faring with tariff uncertainty — and how some have quickly changed suppliers and modified business plans — in the latest American Banker podcast.
July 15
-
Secretary of Defense Pete Hegseth's decision to halt operations against Russia could weaken intelligence important to banks defending against attackers.
March 4
-
The Securities and Exchange Commission announced staff members of its Crypto Task Force Monday.
March 3
-
The Federal Deposit Insurance Corp. board of directors approved a proposal to roll back its 2024 merger policy, reinstating previous guidelines while charting a new policy toward bank combinations.
March 3
-
The stock exchange has several hundred banks using its full suite of digital tools and 2,600 clients using its anti-financial-crime software, Friedman said.
March 3
-
As climate change causes more frequent disasters, more mortgages are at risk of going underwater. How can banks limit their exposure?
March 3
