Comptroller of the Currency Jonathan Gould said in an exclusive interview with American Banker Monday that regulators must bring more new entrants into the banking industry, establish a level playing field between banks and fintechs, and shore up supervision amid mounting legal scrutiny.
The bank is using software "robots" 30 of them, according to its CEO to cut costs and shift workers to more fulfilling work.
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Sen. Richard Blumethal, D-Conn., chair of the Senate Permanent Subcommittee on Investigation, asked bankers whether the Electronic Funds Transfer Act should be updated to include scams that involve authorized fund transfers.
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A federal judge recently rejected an agreement on transaction fees, ensuring that a multi-year battle between the credit card companies and merchants will continue. Ryan McInerney vented during Tuesday's earnings call.
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The credit card giant increased its allowance for credit losses by more than $800 million following the termination of a partnership with Walmart.
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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Johnson Financial Group in Racine, Wis., has agreed to buy the wealth management business of Cleary Gull Advisors.
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First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.
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First Republic Bank in San Francisco has appointed Katherine August-deWilde to the newly created position of vice chair.
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Despite changes by the Federal Housing Administration, bankers remain reluctant to join the program for fear of legal liability. But that could change if it revamps servicing processes, experts say.
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Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere.
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Stephen Calk and the bank where he formerly served as CEO are both arguing that his bribery trial should be held in Illinois. Prosecutors oppose the move.
The top five banks on this list have combined deposits of nearly $7.5 trillion.
By changing the form and function of the federal bureaucracy, questioning judicial review and launching a trade war, the president has injected uncertainty into a government built on predictability and process.
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Banks know what they're looking for. Here are key ways to show them that you can bring it to the table.
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California's bid to regulate EWA programs as though they are loans would harm workers, companies and the state's economy.
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With LIBOR's long-awaited sunset, the future of interest rate benchmarking must be defined by choice.
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American Banker and Best Companies Group are preparing the latest annual ranking of fintech companies that keep their employees happy.
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Investigators found text messages, photos of cash and a conspirator wearing a diamond Truist logo ring while unraveling the $1 million fraud attempt.
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The credit score firm partnered with Plaid to bring additional cash-flow data into its previously released UltraFICO score.
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Reskilling and giving AI the boring work are two approaches banks take to making agentic AI palatable to workers who may fear that bots will take their jobs.
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Federal Reserve Gov. Lisa Cook, citing several studies, outlined her concerns Thursday that generative AI could be used to manipulate markets, and regulators have not yet thought through how to police such activity.
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The migration to the standard and its more robust data is underway, but experts say the desired reduction in payment errors will come slowly.
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Following the new GENIUS Act, BNY's fund provides a regulated vehicle for stablecoin reserves, distinct from its separate tokenization projects.
JPMorganChase, BNY, Citi and others are getting ready to launch autonomous digital workers, but for most, several pieces need to be in place before they can go live.
The 23rd annual ranking of women leaders in the banking industry.
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