Proxy advisory firm Institutional Shareholder Services recommended approval of Fifth Third's $10.9 billion proposed acquisition of Comerica.
From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.
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The long-time bank and financial services technology executive has a record for cutting costs and supporting rapid automation, skills that could be put to work at the 90-year-old agency.
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A collaboration with Booking.com is designed to encourage consumers to use the bank to manage airline tickets and hotels, a lucrative market that's drawing attention across the financial services industry.
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President-elect Donald Trump is nominating Frank Bisignano, the chief executive officer of fintech and payments company Fiserv Inc., to be the commissioner of the Social Security Administration.
Banks want and need to rival tech giants in their use of customer analytics. Some think artificial intelligence is the key to making it happen.
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Second-quarter profit improved modestly at Northern Trust as severance costs offset growth in trust and institutional services.
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Scharf, a former Visa CEO and JPMorgan executive, succeeds Gerald Hassell as leader of Bank of New York Mellon.
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Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy.
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The Consumer Financial Protection Bureau says the proposal would increase access to credit, but consumer groups argue that it will encourage lenders to make high-cost loans while protecting them from legal liability.
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The Consumer Financial Protection Bureau says the proposal would increase access to credit, but consumer groups argue that it will encourage lenders to make high-cost loans while protecting them from legal liability.
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Credit unions added more than $176 billion to savings balances in the first half of the year, according to new analysis from Callahan & Associates.
The super-regional bank plans to invest in talent, technology and certain locations in 2025, while keeping its expenses in check, to achieve the promise of the merger that created it, CEO Bill Rogers said.
The Trump administration is seeking to fire roughly 90% of the Consumer Financial Protection Bureau's staff and is fighting for that right in court. But if the administration prevails, can other consumer protection authorities from other federal regulators pick up the slack?
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The CFPB's plan to block medical debt from appearing on credit reports will have damaging unintended consequences, limiting consumer access to both credit and health care.
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Banks need to mount an aggressive legal response to the onslaught of intrusive new rules being promulgated by their prudential regulators.
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The use of digital wallets to finance the Hamas attack on Israel highlights the need for tighter controls on the transfer of cryptocurrencies.
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The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
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A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
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Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
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Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
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The National Institute of Standards and Technology's preliminary draft helps banks integrate artificial intelligence into their existing security strategies.
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The regulator signed off on the transaction just two months after the banks applied to merge.
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Enova International, a nonbank lender in Chicago, plans to gain scale by taking over Grasshopper Bank's national bank charter. The deal already faces skepticism from critics of Enova's high-cost lending model.
The payments fintech reported an $8 billion valuation as it aims to establish a second global headquarters in Silicon Valley and expand into Europe and the U.K.
The 23rd annual ranking of women leaders in the banking industry.
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