JPMorgan's Ben Carpenter will join Evercore as a senior managing director; Wells Fargo appoints Jackie Krese to head syndications within its fund finance group; the SEC is probing Jefferies over its relationship to bankrupt auto parts supplier First Brands Group; and more in this week's banking news roundup.
Our FinTech Forward Companies to Watch are helping banks step up their game by offering virtual assistance, better money management tools and other solutions.
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Crooks can use deepfakes and other machine learning tools to circumvent traditional authentication security methods. Payment experts discuss how firms can protect themselves.
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The payment company is enabling consumers to stack multiple cash-back offers as a way to lure consumers to its alternative digital wallet.
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The inquiry, which is focusing on the nation's four largest airlines, aims to protect consumers from potentially unfair, deceptive and anticompetitive practices.
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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State Street's cost-cutting plan began to pay dividends, as the Boston company's second-quarter profit rose sharply on lower expenses.
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Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized services such as counseling family members who have suddenly inherited a fortune.
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People's United Financial in Bridgeport, Conn., has agreed to buy a New York wealth-management firm.
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The National Credit Union Administration is giving lenders and borrowers extra time to complete appraisals to ensure mortgages are still being completed despite the pandemic.
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The move is part of an effort by CFPB Director Kathy Kraninger to help smaller lenders by significantly raising loan thresholds for collecting and reporting mortgage data.
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The agency is still moving forward on key regulations dealing with payday lending and mortgage underwriting despite new demands posed by the crisis.
Andy Sieg, head of Citi's wealth business, says retention bonuses are part of his growth strategy.
A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to widespread tokenization would not impact central banks' ability to transmit monetary policy, and that the technology could even prove beneficial.
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Brokered deposits had nothing to do with this year's bank failures, and regulators shouldn't pretend otherwise.
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Regulators and the public are still concerned about the condition of the banking system. Bankers can't afford to look away.
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Artificial intelligence is on the cusp of solving some of the most chronic problems facing bank managers. They need to embrace it.
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Companies such as Google, Visa and Mastercard are building a framework that will allow AI agents to shop and make payments. There are signs that consumers are warming to the idea.
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The Toronto-based loan fintech received an IFE license from Puerto Rico to launch Propel Bank.
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As federal watchdogs step back from regulating "Buy Now, Pay Later" loans, state authorities are stepping in. This week, the attorneys general from California and several other blue states joined the fight.
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The Troy, Michigan-based lender and servicer faces at least seven lawsuits over a hack in June allegedly perpetrated by a known ransomware gang.
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In a relatively mild oversight hearing in the House Financial Services Committee Tuesday morning, regulatory heads at the Federal Reserve, Office of the Comptroller of the Currency, National Credit Union Administration and Federal Deposit Insurance Corp. outlined plans for reduced capital requirements and debanking enforcement.
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South Plains Financial agreed to pay $105.1 million in stock to acquire a seven-year-old Houston community bank in its first M&A foray since 2019.
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American Banker's newest ranking will recognize 50 bank executives leading innovation at their companies or in the industry at large.
Ten teams will be honored for executing the most innovative technology projects of 2025.
The 23rd annual ranking of women leaders in the banking industry.
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