Small businesses are demanding more from their financial partners—speed,
BMO Financial Group has recruited Niti Badarinath from U.S. Bancorp to manage its online, mobile and physical channels in North America.
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PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.
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Banks can choose to only receive transactions instantly, and it's the most popular choice. Simply preferring to get paid faster isn't the reason.
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In this month's roundup of top banking news: Truist Financial announces plans to shutter 4% of its branch network, Fiserv pursues a special-purpose bank charter, Wells Fargo distributes a $1,000 bonus to lower-paid employees and more.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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Morgan Stanley Smith Barney hired Jeff Hack from JPMorgan Chase & Co. as its chief operating officer, one of several organizational changes announced by the firm's new president, Gregory Fleming.
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KeyBanc Capital Markets doubled its personnel last month by hiring four professionals from Chapdelaine Credit Partners, a bond broker that closed in January.
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Morgan Stanley's James Gorman received a $14 million compensation package for his first year as chief executive, less than the $15 million he was awarded for 2009, as the company missed profit goals.
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The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.
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After a brief delay, the agency’s acting director signed off on Fannie Mae and Freddie Mac contributing to the National Housing Trust Fund and Capital Magnet Fund.
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A discussion on how to modernize policies to combat housing discrimination quickly turned into a sharp critique of the social media giant's advertising practices.
As high interest rates continue weighing on banks' balance sheets, some are selling branches to real estate firms and leasing them back. The strategy is helping lenders that want to restructure their underwater bond portfolios.
The Consumer Financial Protection Bureau voluntarily dismissed a lawsuit against Capital One brought under the Biden administration alleging the bank failed to honor interest rate promises, costing consumers an estimated $2 billion.
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We can't afford to miss this opportunity to build capacity in community development financial institutions.
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Banks have been barred from trading on their own account for almost a decade because Congress wanted to quash any potential conflict of interest. They should hold themselves to the same standard.
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Small-business owners who can't get loans from traditional sources need alternative ways to access capital.
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Federal Reserve Gov. Christopher Waller has directed central bank staff to explore the concept of a limited payment account, which would give nonbank entities in the payments space — including crypto firms — access to traditional payment systems.
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Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., introduced a bill that would raise the mandatory reporting threshold for certain currency transactions, a move meant to ease banks' anti-money laundering compliance obligations.
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Senate Banking Committee ranking member Elizabeth Warren, D-Mass., is urging the Federal Deposit Insurance Corp. not to approve new Industrial Loan Company charters until Congress passes a law subjecting ILCs to bank holding company rules.
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Banks and credit unions are steering away from stablecoins chiefly due to lack of customer demand, per new American Banker research.
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The two companies are collaborating on making the digital asset private for payroll and other business transactions. While it's unusual, as the most well-known stablecoins are on public ledgers, tech firms are warming to the idea.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
The 23rd annual ranking of women leaders in the banking industry.
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