HP CEO and current PayPal board chair Enrique Lores will take over March 1, following a deep slump in the payment company's key metric.
Normally tight-lipped about security moves, bankers tell how they are re-examining their systems for Equifax-like flaws and providing new cards, fresh accounts and reassuring advice for anxious customers.
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When a card gets canceled or expires, Visa, Mastercard and other networks send replacement information to merchants. This can be a problem for consumers.
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Umar Farooq and Max Neukirchen lead an $18 billion unit that touches most of the planet. Here's what they told American Banker about instant processing, how artificial intelligence is affecting jobs and what they look for in new leaders.
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Until a regulatory perimeter is established, banks should tread carefully — and so should everyone else.
The company will use the funds to increase research and development efforts as well as expand its global presence.
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Barclays, BMO, Citibank, Goldman Sachs and ING contributed to the online student lender, which last year made over $1 billion in loans.
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The combination of their convenient branch networks and strong digital offerings makes large, national banks tough to beat in dispensing financial guidance, consumers say.
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The French banking giant has spent months winding down its holdings in the $20 billion-asset bank.
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Former FHFA director Mark Calabria said the mortgage market was a “ticking time bomb” on track for a 2008-like crisis. Other experts foresee a tamer end to the bull housing market.
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The nation's largest bank indicated Monday that it may again offer home equity lines of credit to a wide audience. Rising mortgage rates have made the product more attractive after a long drought when low rates suppressed demand.
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Mark Calabria, who oversaw the two government giants under Trump and was fired by the Biden administration, said in a recent interview that the government-sponsored enterprises are once again at risk of insolvency.
Capital One's acquisition of Discover brings it to the top of the ranking.
Personal income, which rose $95.7B in August, was overtaken by consumer spending, which jumped $129.2B, pushing the saving rate to 4.6% amid steady inflation and higher wages.
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If companies want to keep partnering with banks to build innovative financial services, they need to stop thinking about regulation as their partner banks' problems and start being part of the solution.
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In the U.S. and around the world, women still face many barriers to financial inclusion, and workplace practices that make it more challenging for them to build wealth. It doesn't have to be that way.
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Credit unions worked with California lawmakers to reshape proposed changes to the fees. An upcoming rule from the Consumer Financial Protection Bureau raises uncertainty.
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A one-time accounting change will boost the bank's ability to spend on marketing. Traders flinched at the change; analysts called it a buying opportunity.
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The auto lender's earnings mostly surpassed expectations in the fourth quarter, but its financial outlook was dampened by its projection of a weaker labor market in 2026.
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New in American Banker, readers can search news and analysis to find what they need, powered by a hybrid AI search engine.
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A world of hundreds if not thousands of stablecoins sounds chaotic – but that's because we're still thinking of stablecoins as money. Consider their potential for strengthening customer loyalty and engagement.
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American Banker has launched a new AI-powered search engine for our website.
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The fintech, founded by an ex-Coinbase executive, seeks to offer stablecoin-powered global money movement services to businesses.
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State regulators say proposed changes by the Federal Reserve that would make state bank examiners the primary boots on the ground will make bank examinations faster, but could cause some issues to go overlooked.
Eightfold AI, which many companies use as they screen job candidates, is being accused of gathering information about applicants without their consent. The lawsuit also alleges that the company uses an algorithm to judge candidates without explaining how it works.
The 23rd annual ranking of women leaders in the banking industry.
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