Our annual ranking of women in banking and finance includes five community bank CEOs.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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Despite a sharp drop in spending and rising delinquencies during the second quarter, the issuer's stock rose on news of lower debt, rising deposits and a new private-label partnership with Dell Technologies.
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Mastercard has told payment processors and banks to stop allowing marijuana transactions on debit cards, in a blow to the struggling cannabis industry and a boon to transparency in the banking system.
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Michael Miebach, the card network's chief executive, discussed his plan for competing against the Federal Reserve's new real-time settlement system.
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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As fee-oriented investment management becomes more popular with advisers and clients, fee-structured accounts are growing apace. Or not, depending on how the terms are defined.
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Willard "Bill" Jonathan Tillotson Jr. followed Rule No. 1 in succession planning: He started early. So when he died, control of the Pittsburgh financial advisory firm he helped build in the 1960s passed as expected to his daughter, Kim Tillotson Fleming, and the company's small group of employee-shareholders.
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No plan will be implemented as long as Fannie Mae and Freddie Mac remain in conservatorship, but a capital framework for the companies could still have a substantive impact.
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Competition for deposits is heating up as summer approaches, and banks are responding in all sorts of ways — from launching digital-only platforms to raising CD rates to reviving debit rewards. But rising interest rates could weaken demand for loans, especially mortgages.
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The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.
The megabank will report a hit to its earnings this Friday from what one analyst called an "accounting nuisance." The charge, which BofA will make up over time, is due to the bank's use of a Bloomberg-developed interest rate index that gained little traction.
The Federal Reserve issued an enforcement action against the former head of Heartland Tri-State Bank, who embezzled millions of dollars after falling victim to a crypto scam.
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Without the application of tested safeguards, using such data can run the risk of worsening the very problems of credit access that we seek to solve.
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Given the transition's complexity, it's understandable if fuel retailers will not meet the April 17 deadline. But it's important not to be paralyzed by analysis, says Hughes Network Systems Jeff Bradbury.
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One particular type of scheme, swapping, involves thieves stealing and replacing cards before the consumer is aware, says The ai Corporation's James Crawshaw.
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Former employees at First Horizon Bank and M&T Bank committed crimes by misappropriating customer data and stealing money from a customer's bank account.
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Andrew Foster, the bank's chief data officer, explained how he has been instilling data discipline across the organization and making the bank's data AI-ready.
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The Office of the Comptroller of the Currency will announce Senior staffers overseeing large, regional and community banks early next month, apparently reversing the unified approach to supervision it implemented earlier in the year.
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Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.
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Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.
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The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
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As part of her role, Taylor manages a $22 million annual budget for four teams.
Carta said that she and her payments team are "almost maniacal" about customer experience.
The 23rd annual ranking of women leaders in the banking industry.
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