S&T Bancorp is shuffling its board structure as Chairwoman Christine Toretti plans her departure; Philip Bohi is named general counsel of the American Financial Services Association; Coastal Community Bank appoints Brandon Soto as its new chief financial officer; and more in this week's banking news roundup.
The latest generation of anti-money-laundering software uses agentic AI to help alleviate AML alert fatigue. Experts say this use of the technology is promising, though they offer some caveats.
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More than 1,000 users reported problems making payments on Tuesday before complaint volumes tapered around midday, according to DownDetector, a site that collects user outage reports. The internal network disruption comes on the heels of another Zelle outage JPMorgan Chase took responsibility for seven days ago.
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The world's largest payment network is making changes to how it deals with merchants who want to charge customers extra when paying with a credit card.
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Lawyers representing the man accused of killing technology executive Bob Lee are attempting to poke holes in the prosecution's case, questioning the motive and the thoroughness of the police investigation in what's likely a long-term strategy to raise enough doubt to exonerate their client at trial.
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Steven A. Cohen's SAC Capital Advisors LP got a government request for documents as the U.S. widens a probe of Wall Street insider trading that has implicated former traders at the firm.
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Richard A. Lumb has been named the chief executive of Accenture's financial services operating group.
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Insurance companies often face an uphill battle to convince independent advisers that variable annuities have earned a place in clients' portfolios.
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The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission."
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The Trump administration's plan to end the conservatorship of Fannie Mae and Freddie Mac marked its first effort to solve a problem left over from the financial crisis, but ultimately raised more questions than it answered.
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From medical expenses to home improvements, here's a look at some of the most frequently cited reasons homeowners are borrowing against their home equity.
Fiserv has introduced a service to help companies predict their customers' behavior.
After a record-breaking year of reeling in business from failed banks and scared customers defecting from rivals, the largest U.S. bank expects it will keep getting larger.
As 2024 comes to a close, trends such as open banking, fights over credit card fees and the future of faster payments are still in flux.
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It's no longer a matter of if, but when, regulators will require banks to document the impact of global warming on their loan portfolios and other operations.
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As competition becomes more about countering fintechs than beating other banks, alternative payment methods and broader services will be key, says Icon Solutions' Simon Wilson.
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The industry’s most effective relationships come when providers serve as collaborators and an extension of their clients to serve customers and work in tandem to address a range of challenges and grow their businesses together, says Paya's Chris Scappa.
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Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday that steeper interest rate cuts should be on the table if the labor market continues to show signs of decline.
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A Small Business Administration policy enacted during the second Trump administration blocks not only people who are in the country illegally, but also legal temporary residents and even some U.S. citizens, from accessing government-guaranteed loans.
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The deal will give the bank $1.1 billion of loans in a new segment of the equipment finance business.
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The Supreme Court will hear a case in December that could overturn a longstanding precedent bolstering regulatory independence. Should the court strike down that precedent, it could have major implications for the independence of the Federal Reserve.
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Federal Reserve Governor Stephan Miran floated the idea of conducting monetary policy with an eye toward the neutral rate and suggested that the president's immigration and fiscal policies will exert downward pressure on inflation.
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The credit card giant has reached an agreement to settle a class-action lawsuit involving its coupon-finding browser extension. Content creators had accused Capital One of stealing their sales commissions.
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Origin Bancorp, Renasant Bank and Triumph Financial are the latest financial institutions to report exposure to the bankrupt auto lender Tricolor, joining a list that includes Fifth Third, Barclays and JPMorganChase.
First internet Bancorp, which has recently been grappling with credit quality issues, has agreed to sell an $869 million portfolio of single tenant commercial real estate loans to Blackstone.
The 23rd annual ranking of women leaders in the banking industry.
- Partner Insights from Alacriti
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