The Buffalo-based bank didn't specify the size of potential losses from a suit that grew out of the collapse of subprime auto lender Tricolor Holdings. M&T said its trust subsidiary will "vigorously defend itself" against claims by investors who allege that it should have protected them from alleged fraud.
Large banks have begun sharing their adjusted gender pay gap ratios — how much women are paid versus men for similar jobs. The trouble is, they don’t have similar jobs.
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Citigroup's new treasury partnership with Payoneer and JPMorganChase's deposit token are pressuring banks to quickly come up with a "vision," according to payment experts.
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The payment company is collaborating with Brazil's national real-time payment network to reach more e-commerce merchants, while adding Affirm as an option to its in-store point of sale system. That, and more in the American Banker global payments and fintech roundup.
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The lender, which uses existing credit balances to fund installment loans, has linked to Samsung Pay and plans other partnerships in the future to build a global merchant network.
Nine experts weigh in on what might happen inside the banking industry in the years to come.
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Thirty-seven years after the release of Quicken desktop software, the company is launching a streamlined app to reach a new demographic.
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The Providence, R.I., bank said that Rick Suarez would succeed Rob Clarfeld as head of Clarfeld | Citizens Private Wealth.
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A MagnifyMoney report shows an overwhelming majority of consumers regret not investing sooner, a sign that credit unions could deepen relationships by upping their wealth management options for members.
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Bank regulators rolled out two joint proposals this month as part of a broader push to address discrimination in home valuations. Advocates see promise, but appraisers fear the changes could artificially inflate valuations.
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CEO Curtis Farmer said the warehouse sector, where Comerica provides lines of credit to mortgage banking companies, has not been providing much help as the company seeks to bolster deposits.
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A West Virginia homeowner is suing the banking giant for charges incurred when paying by phone, claiming breach of contract and violation of consumer protection laws.
The New York-based digital-only bank is seeking to partner with more brands after a recent deal opened the way to serving millions of AAA customers.
Federal Deposit Insurance Corp. acting Chair Travis Hill said Thursday morning that the agency's first proposed rules under recently passed stablecoin legislation should be published by the end of the year.
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Non-stablecoin cryptocurrencies have no inherent value, so creating a federal "reserve" of them is absurd on its face. Chinese hacking of bitcoin will have no significant economic impact.
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President Trump's executive order is meant to roll back his predecessor's emphasis on diversity and inclusion, but it could also complicate the Federal Deposit Insurance Corp.'s efforts to correct its own workplace-harassment problems.
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A trio of high-profile lawsuits issued at the tail end of the Biden administration indicate that the agency cares more about pursuing a political agenda than it does about helping American consumers.
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The ACH Network reached new highs in 2025 as both traditional and same-day ACH usage grew at healthy clips. The trend could negatively impact deposits and cards.
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PayPay is the latest international fintech to signal entry into the U.S. fintech investor market with an IPO that has been planned by SoftBank for years.
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Attorneys from Holland & Knight warn that Treasury is targeting financial services companies in Minneapolis and at the southern border in an AML crackdown.
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First National Corp. in Virginia announced the sale of its two North Carolina branches. Meanwhile, a number of larger competitors are laying plans for growth in the Carolinas.
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After losing nearly $700 million in the fourth quarter as bitcoin's valuation tanked, Brian Armstrong stressed product diversification will help the company navigate the downturn.
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The Wall Street investment bank had staunchly defended Kathy Ruemmler over her previous association with Jeffrey Epstein.
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Executives have more trust in the central bank's board than their smaller-bank brethren, according to American Banker's 2026 Predictions report.
The sports betting company said it would stop accepting credit card deposits for its sportsbook, casino and racing products in the U.S. Wagers placed using credit cards are typically more expensive than those made with other forms of payment.
The 23rd annual ranking of women leaders in the banking industry.
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