The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
Fintech firm Tanium says it has found a unique method for securing the tens of thousands of vulnerable points in the computer networks of banks and other companies.
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The bank's cross-border transaction service opens a new lane for customer acquisition in an increasingly competitive niche.
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Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.
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2023 saw a recovery in ridership and signs of progress for contactless boarding. But there's still lots of work to do.
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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Still smarting from the downturn, some wealthy families are turning to external chief investment officers for help managing their investments and controlling overhead.
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They may have money, but lots of affluent baby boomers don't have enough to live the way they want to in retirement. And it's becoming the job of many financial advisers to tell them so.
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Some people who owe more than $1 million on their homes are coming under the microscope at the IRS over how much of their mortgage interest they can deduct on their tax returns.
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The Arizona-based CUSO returned $6.2 million in cash rewards to its credit union members for 2018.
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The Mortgage Bankers Association, National Association of Realtors and 26 other groups warned the agency not to pursue steps reducing the scope of Fannie Mae and Freddie Mac that could upset the mortgage market.
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The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.
American Heritage Federal Credit Union in Philadelphia plans to acquire three branches and $105 million of deposits from Linkbancorp. The deal is part of a growing number of transactions involving credit unions buying whole banks or portions of their branch networks.
Federal Reserve Chair Jerome Powell said reserve banks will no longer factor "reputational risk" into master account decisions. The crypto industry is encouraged by the commitment, but says more changes are needed.
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To create sensible rules around decentralized finance, regulators have to have an open discussion with businesses in the industry. To do that, they must create a path for collaboration.
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Widespread sharing of financial and other data creates enormous privacy risks for consumers, many of whom have no real understanding of the danger.
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The system may be good for the banks that own it, but it is not meeting its public mission.
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New research from American Banker finds that most are still hashing out plans for crypto and stablecoins, but a handful have already launched projects.
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CEO Bill Demchak said there seemed to be "some confusion," after PNC's stock fell some 4% on Wednesday.
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Bridge will join a number of digital asset firms vying for the coveted charter, seizing on the crypto-friendly environment in the second Trump term.
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Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
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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.
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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.
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"Large enough to matter, small enough to care:" Kedia's vision for U.S. Bank
Thurlow led the Massachusetts-based mutual bank through a merger that increased its asset size by nearly 40% while serving as the chair of the ABA last year.
The 23rd annual ranking of women leaders in the banking industry.


































































