The credit card giant is facing both a class-action case and a related state-AG lawsuit over the low rates it paid to savers. Can the settlement of one suit ease the pain of the other?
Apple's partnership with IBM is big and dramatic, but its unclear if it will offer anything bankers don't already have access to.
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Discover Financial Services' announcement of the immediate resignation of longtime executive Roger Hochschild comes weeks after the company announced it overcharged merchants for 16 years.
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The fintech is relying on Alex Chriss' experience in melding technology with marketing to ignite growth with small-business and consumer users.
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The shift to faster payments–plus frustration over network interchange costs–is increasing merchants' use of services that pull money directly from consumers' bank accounts.
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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Thirteen percent of affluent Americans closed at least one investment account in the last year, more than double the pace in the previous five years, a report says.
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According to a study by Aon Hewitt, Generation Y workers can expect stagnant wages, job insecurity and a steady decline in pension plan and retiree medical benefits.
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Jerome Dodson at Parnassus Investments says growing public pessimism about the economy in 2010 persuaded him to buy stocks.
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The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution.
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Michael Bright co-wrote a paper in 2016 that envisioned making the agency a backstop for the housing finance system, but appeared to distance himself from the proposal at his confirmation hearing.
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The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.
The top five banks and thrifts have combined total assets of nearly $13 trillion as of September 30, 2023.
The industry hopes that the bigger hurdles to bank mergers under President Biden will fade in the new administration. But populist opposition to consolidation in the tech sector could spill over into banking.
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Mainstream attention to crypto and active projects mean it's time to have a strategy for CBDCs, says R3's Todd McDonald.
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Accounts payable is one of the most paper-intensive business functions, with lots of room for more environmentally sound processing, Daniel Ball of Medius says.
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The pandemic has caused dramatic changes in all industries, which adds extra stress on payment companies, says PXP Financial's John Bell.
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Despite a couple of bank acquisitions in the last year, Tedesco said Atlantic Union remains committed to organic growth.
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Chung has led the development of new initiatives to enhance the bank's ability to help small business owners, increasing revenue and aiding the community in their excitement and their struggles.
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The Consumer Financial Protection Bureau received pointed pushback from banks in their public comments on a proposed rule that would slash the number of nonbanks being supervised in four key markets.
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There's no designated lender of last resort for nonbank stablecoin issuers in either the recently-passed stablecoin bill or the crypto market structure bill being considered, which experts say could mean bailouts down the road.
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QNB's proposed $41 million deal to acquire The Victory Bancorp in Limerick, Pennsylvania, is set to create a community bank with $2.4 billion of assets.
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Many express frustration with either real or perceived doubts about clients' concerns, but experts say they're missing an opportunity to address them up front.
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Execs say other banks are still more of a rival for deposits than the digital currency.
First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
The 23rd annual ranking of women leaders in the banking industry.
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