The Boston-based custody bank has acquired PriceStats, a private economic researcher. The move comes at a time when federal data agencies are weathering budget cuts, political attacks and a government shutdown.
Cyberthieves using malicious software discovered by IBM Security have stolen $4 million from business customers of two dozen financial services providers this month, IBM said.
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National Australia Bank is adding a Pay By Bank option for near-instant payments, Italy is bringing open-loop payments to buses in Tuscany, and more.
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Joining forces with mobile and faster payments, generative AI is coming on board to help deliver better customer experiences and combat fraud
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Banks rely on fee income to a greater or lesser extent depending on business model, and the Biden administration is intent on cutting consumer fees across the economy. But that push might hamper another administration priority: financial inclusion.
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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Some states are trimming the tax due on estates or inheritances when someone dies, while others are raising them. Even more change is coming, complicating estate planners' efforts to preserve as much wealth as possible.
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A survey of registered investment advisors' use of social media shows a wide gap between regulation and reality, at least at smaller firms.
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The ruling didn't give specifics of Kipple's allegations, but he alleged in regulatory filings that Wells Fargo terminated him for "truthfully responding to a regulatory inquiry" by the Financial Industry Regulatory Authority, Wall Street's self-policing watchdog, in 2009.
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The Treasury Department made clear in a much-anticipated report that it prefers Congress take up reform of the government-sponsored enterprises, but it also recommended steps that federal agencies could take without legislation.
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The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.
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The Trump administration is not backing down even after a federal court blocked guidance that would have limited the operations of national housing funds.
The average salary for these top compensated bank executives is more than $21 million.
Democratic lawmakers turned the stablecoin markup into a marathon event, leading off with amendments that would have addressed concerns about conflicts of interest between elected officials like President Donald Trump and stablecoin oversight.
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A researcher tested the prediction that banks will step in when payday lenders face restrictions. They didn't want his business.
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It would be unwise to restrict the use of Home Loan bank advances to housing-related lending.
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Banks with strong underwriting and stress testing should be well positioned to survive the credit and liquidity issues that may come while being able to continue to serve customers.
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Analysts say the fintech must "grow like a fintech, but be profitable like a bank" as its capital base shrinks to its lowest level to date.
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Comptroller of the Currency Jonathan Gould said Thursday that a proposal to reimagine bank supervisory practices is meant to empower rather than handcuff supervisors by limiting the scope of their examinations.
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A new research report this week found AI could 'unlock' $370 billion in profits for banks, though they're not yet ready to capture it. But big-bank executives say they are already seeing measurable results from their generative and traditional AI investments.
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Jerry Plush had helmed the South Florida-based bank for nearly five years before agreeing to depart this week. News of the leadership change comes little more than a week after Amerant reported a 43% increase in nonperforming assets.
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Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term.
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The Federal Reserve Board finalized changes to its supervisory rating framework, allowing large bank holding companies to be considered "well managed," even with one deficient rating.
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In comment letters on the Consumer Financial Protection Bureau's new rulemaking on personal financial data rights, consumers begged the agency to protect their data from misuse.
A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in the massive Ponzi scheme.
The 23rd annual ranking of women leaders in the banking industry.
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