On Beer's radar: AI, quantum computing, concentration risk
Chief Technology Officer David Reilly has had to make major reductions in traditional expenses so Bank of America can afford to collaborate with fintech firms that are developing innovative products the bank craves.
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The retail giant has scrapped its credit card partnership with Capital One, its second public spat in recent years with a partner bank. Analysts say it may be a sign that Walmart wants to launch its own credit card on what it hopes will be a financial super-app.
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A federal judge in Texas is locked in a back-and-forth with an appeals court over whether the industry's challenge to a cap on credit card late fees should be moved to Washington, D.C.
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A reader takes issue with a column by the agency's former director in which she criticized its analysis of the consumer credit card market.
For much of the last decade, credit card companies and issuers have fine-tuned security to the point where if any suspicious activity occurs on a cardholder account, that cardholder will receive an alert. That same sort of transaction and behavioral analytics is starting to come into other business sectors and walks of life.
The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.
The two financial institutions issued Avit tokens on the Ethereum mainnet, marking a first in the U.S.
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If history is any guide, periods of disruption in the industry are followed by regulatory resets, which in turn force banks to compete for the talent needed to meet new compliance demands.
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Americans are going to invest in crypto no matter what politicians and regulators think. So, it would be better to keep crypto exchanges in the U.S., and under SEC supervision, than to drive them overseas.
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Curt Farmer, CEO of the Dallas company, defends its management of a Treasury Department program that provides federal benefits on prepaid cards. He says a recent American Banker investigative article "ignores the fact that Comerica took steps to protect Direct Express users when it became aware that a third-party vendor had not followed program protocols for reviewing customer inquiries."
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Fogarty, who was promoted to chief operating officer of investment services in July, leads the firm's largest business unit.
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The imperative is to keep one eye on the business, and the other eye on talent. The former is fed by the latter.
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Under Johnson's leadership, Franklin Templeton launched a private equity fund along with two real estate funds in 2024.
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Yeshaya, a daughter of immigrants, said she sees the challenges she's faced as opportunities for growth.
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Given the volatility in the market, Shue is spending more time on the road speaking to clients.
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Key to Graper's performance is her ability to "anticipate windows of opportunity" and then give clients the confidence boost they need to act.
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The credit reporting bureau released a new model that combines traditional and alternative credit history with cashflow data into a single score lenders can use for underwriting decisions.
The 23rd annual ranking of women leaders in the banking industry.
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