Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
Envestnet's planned acquisition of Yodlee is shedding light on how real-time data about customers' financial data can shape the future of the wealth management and financial advisory business. Jud Bergman, CEO of Envestnet, says the deal will create "an unprecedented level of engagement."
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A jury found the tech giant violated anti-monopoly rules by requiring in-house checkout for game makers such as Epic, which publishes Fortnite. Google and Apple may have to cut fees, but outside processors will be challenged to create a winning user experience.
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Michael Rhodes, who has spent the last dozen years in various executive roles at TD Bank Group, will become president and CEO of Discover Financial Services. The move comes four months after the unexpected departure of Discover's longtime CEO Roger Hochschild.
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A tightening economy plus an aggressive start to fourth quarter shopping will put firms' underwriting decisions under the microscope as regulators' concerns mount.
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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LPL announced on Monday that it will move all Uvest bank brokers from Pershing to LPL's self-clearing platform.
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More than a quarter of U.S. workers said they're "not at all confident" about their ability to afford a comfortable retirement, the highest percentage in two decades, according to an Employee Benefit Research Institute report.
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As their products become more and more complex, advisers are increasingly gravitating toward the use of fee-billing experts.
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The Senate Banking Committee will examine the nomination of Mark Calabria to oversee the regulator of Fannie Mae and Freddie Mac, as well as nominees for the NCUA board and Treasury.
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SunTrust’s merger with BB&T is the largest bank deal since the financial crisis, and mortgages will play a critical role in the execution of this transaction.
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The comptroller of the currency also addressed, in his role as acting FHFA head, whether Congress or the Trump administration will spearhead GSE reform.
Consolidation has slowed since the pandemic, but UMB's agreement to buy Heartland Financial — the largest deal in three years — is one of several merger announcements in the past two weeks. Talks among other potential buyers and sellers are said to be picking up.
Leading Republican lawmakers released two similar stablecoin bills last week, legislation that the White House wants finished quickly. Here are four issues banks need to watch as the bills move forward.
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In “The Lords of Easy Money,” the journalist Christopher Leonard examines the Federal Reserve’s policy of quantitative easing following the 2008 financial crisis.
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Managers who consciously look to set the tone by brightening work environments with their own smiles and laughter tend to create environments with greater employee and customer engagement.
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"An unelected federal regulator is seeking to shortcut the traditional regulatory process," writes ABA Chief Executive Rob Nichols.
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The superregional bank inked its merger agreement with FirstBank just two weeks after it saw the first draft of the agreement.
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Treasury Secretary Scott Bessent Thursday said the bank asset thresholds that trigger enhanced prudential standards like stress testing and additional capital requirements require a recalibration to account for inflation.
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Canadian banks, financial institutions, fintechs and commerce companies have come together to develop a Canadian dollar-backed stablecoin that is slated to go live in early 2026. The move comes as U.S.-based banks continue to evaluate their own participation in the post-GENIUS Act world.
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President Trump wants the two government-sponsored loan buyers to help speed lower-cost home creation and their oversight agency's director is following up.
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A new interagency guidance clarifies when banks must report suspicious activity, easing compliance workloads and narrowing the reporting requirements to focus on higher-value cases.
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Fintechs and banks are rapidly placing checkout inside apps, e-commerce sites and travel services, standing on the shoulders of a new generation of artificial intelligence and data science to revolutionize customer experience. Some of the bank executives leading the charge spoke with American Banker about the innovation's potential.
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The CardWorks subsidiary has officially taken over Ally Financial's Ollo credit card portfolio, ending a five-year dance between the two companies that first had Ally buying CardWorks for $2.7 billion.
The ongoing government shutdown prevented the Bureau of Labor Statistics from releasing its September jobs report Friday, but job growth appears to be softening. The lack of reliable government data comes as the Federal Reserve mulls further interest rate cuts.
The 23rd annual ranking of women leaders in the banking industry.
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