New research from American Banker details how the 50 largest U.S. banks by U.S. assets are using stablecoins, cryptocurrencies and other distributed ledger technology.
Five banks and the tech firms R3 and HQLAX are using distributed ledger technology to make it easier to transfer liquid securities and collateral.
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Regulators are investigating the technology giants over concerns their financial apps are violating competition rules. That and expanding tech in emerging markets highlight this week's American Banker global payments roundup.
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The industry's top leaders, including The Most Influential Women in Payments, will be on hand to discuss innovation, compliance, risk, crypto and more.
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The Trump administration's orders to stop supervisory exams at the Consumer Financial Protection Bureau are seen as a potential conflict of interest for Elon Musk, whose company X would have been overseen by the bureau when it launches its payments wallet.
The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software.
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The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.
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Scholarship programs for high schoolers and college students can also promote banking as a viable career option and serve as a channel for bringing in new business.
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A Swiss financier has agreed to buy Brickell Bank a year after another sale fell through.
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Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami.
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The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.
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President Biden and Democrats in Congress have backed plans to subject a broader array of companies to Community Reinvestment Act requirements. But there’s no guarantee such reforms will happen.
First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week's banking news roundup.
Luke Pettit, a Senate Banking Committee staffer, will serve as the Treasury Department's next assistant secretary of financial institutions.
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Instead of painting unionization as a barrier to business success, we should consider it an opportunity to rebuild trust, integrity and responsibility within the banking sector.
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The Securities and Exchange Commission has asked a judge to impose a penalty on Ripple that roughly matches the amount of profit the agency estimates Ripple and its leaders made from sales of XRP, which the SEC says are unregistered securities.
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Many assumed the advent of cryptocurrencies heralded a revolution in finance. The truth may be that crypto's overall impact on the financial services industry is more evolutionary than revolutionary.
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The bank is investing in Ubyx to help traditional financial institutions settle stablecoin payments and compete with nonbank fintechs.
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President Trump said he would prohibit large institutional investors from buying single-family homes. While the executive couldn't bar such investments on its own, a legislative ban could gain bipartisan support.
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The company's asset and wealth management business is completely cutting ties with proxy advisors, opting to build its own research and public company voting system. JPMorgan is the first bank to stop using firms such as Glass Lewis and ISS.
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With fintechs and legal cases pressuring payment fees, the card companies are leaning more on revenue from other sources.
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The 81-year-old Metamora State Bank renamed itself Bank419 to better align its brand with its business after years of regional expansion.
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The Kansas City, Missouri-based bank completed its first bank acquisition in 12 years on New Year's Day. Now it's focused on retaining and growing FineMark Holdings' high-net-worth clients in markets such as Southwest Florida, South Carolina and Arizona.
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When Congress returns from its recess in 2026, a number of financial legislative issues will be teed up, including crypto market structure, deposit insurance and supervisory disputes.
New Jersey-based OceanFirst Financial slid in its planned $579 million acquisition of Flushing Financial just before the end of the year. The private equity firm Warburg Pincus is also participating in the transaction.
The 23rd annual ranking of women leaders in the banking industry.
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