Five years after the government struggled to disburse pandemic relief checks, the Fed is using improved processing for emergency funds as a reason for banks to get onboard with FedNow.
Kabbage is one of many nonbank lenders looking to partner with traditional financial institutions. But the firm is facing a tough sell with bankers who worry about the risks associated with ceding control of the loan-underwriting process.
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The technology company's move in Georgia could widen its processing relationships with merchants, but the company insists it won't become a traditional financial institution.
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Tech company Circle files for an IPO; Amazon wants to extend its Just Walk Out technology to hospitals; Pacific Financial expands in suburban Oregon; and more in the weekly banking news roundup.
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The card network is creating a generative AI-powered chatbot to give small-business owners personalized assistance, emphasizing 'inclusive' resources and mentorship for minority entrepreneurs.
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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Raymond James Financial has completed its acquisition of Howe Barnes Hoefer & Arnett Inc.
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John Paulson, founder of the hedge fund giant Paulson & Co., earned a record $4.9 billion in 2010 overseeing a fund that exited the year with more than $36 billion under management, according to a new survey from AR Magazine.
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Although 68% of asset managers have a social media strategy, that number should be far higher to meet consumer and financial intermediary interest, according to a report from kasina.
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The Federal Housing Administration is returning to manual reviews of higher-risk loans it insures because it's finding that a growing share have lower credit scores, higher debt-to-income ratios, or both.
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Revised legislation would exclude credit unions from Community Reinvestment Act requirements, but could make the National Credit Union Administration the de facto enforcer of how CUs meet the needs of underserved markets.
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The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.
New York Community Bancorp hasn't said who will replace Chief Operating Officer Julie Signorille-Browne, who is resigning amid a management shake-up.
The former Georgia senator and entrepreneur, who promised to combat red tape and fraud in her confirmation hearing, takes office following a 52-45 vote.
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Bank and financial services supervisors have an affirmative duty to address the deep economic divide facing minorities in the U.S.
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The growth opportunity is there, the brand trust is there, the clients are there — it’s the banks that are largely absent.
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Juliette Kayyem, a veteran crisis manager, explores practical steps leaders can take to be ready for the next disaster in “The Devil Never Sleeps.”
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
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America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
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A federal judge in San Francisco ordered a temporary halt to reduction in force orders issued by the Office of Management and Budget during the government shutdown, while OMB Director Russell Vought has said he expects to lay off more than 10,000 federal workers.
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Don McCree, who has led commercial banking at Citizens since 2015, plans to retire next year. His successor, Ted Swimmer, who was in charge of capital markets, took over on Tuesday.
The Fairmont, West Virginia, bank is taking a $7.6 million hit to rid itself of $73 million in long-duration, low-yielding securities, though the sale of its payments subsidiary the week before cushions the blow.
The 23rd annual ranking of women leaders in the banking industry.



































































