The Federal Deposit Insurance Corp. approved proposals Tuesday that would define "unsafe or unsound practices" and ban the use of "reputation risk" in supervisory exams.
Westamerica Bancorp. probably expected little trouble when it asked for regulatory permission to close a small branch in northern California. Wrong! Welcome to the world of online petitions and social media.
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Steve Squeri says the outcry over the airline's changes to its loyalty program has not hurt spending on co-branded Amex cards.
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An advocate for retail merchants takes issue with a BankThink article criticizing the Credit Card Competition Act.
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Consumers with Discover cards spent less on travel and everyday purchases, but more on entertainment, driving loan growth in the third quarter. The company also benefited from the Fed's enforcement of online debit-routing rules, but these boons couldn't offset investor concerns over its issues with the FDIC and its CEO search.
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 Global Advisors introduced three SPDR exchange-traded funds Jan. 27, the SPDR S&P Transportation, SPDR S&P Telecom and SPDR S&P Healthcare Equipment portfolios.
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T. Rowe Price Group announced better-than-expected fourth-quarter earnings Jan. 28 as assets under management soared on the popularity of target-date retirement portfolios.
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The market crash was painful for investment firms and their clients, but it has been a boon for a boutique investment administration business in North Carolina.
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When the mortgage giant will be released from government control is anyone's guess, but the company's third-quarter report shows signs of an easier transition.
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Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission.
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A deal between TD Bank and a Vermont nonprofit is just one example of how banks are getting creative in addressing affordable housing needs while reaping financial and regulatory benefits.
The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.
With the Federal Reserve touting a slower pace of easing, markets are expecting a longer pause. But Gov. Christopher Waller said the next interest rate reduction could come as soon as March because of inflation data.
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Companies that put in place procedures and technology to analyze data from phone calls, emails, chats and other communications can help front-line workers avoid repeating customer service mistakes.
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The revenue that banks earn from these loyalty programs provides a substantial offset to potentially shrinking interchange fees.
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The market for short-term installment credit is growing among millennials and Gen Z consumers who distrust credit cards. Banks are letting a golden opportunity slip away.
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Real-time cross-border payments are in demand, but lack interoperability — creating demand for Swift and Ripple to add new tech. Plus, PayPal pledges to add payment technology in the Middle East and Africa, and more international payments and fintech news.
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Houston-based Prosperity will pay $269 million in stock for Southwest Bancshares in San Antonio. The sale comes on the heels of the death of Southwest's founder and chairman.
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The Supreme Court said Wednesday that it would defer President Donald Trump's request for a stay until after oral arguments scheduled for January 2026, allowing Federal Reserve Governor Lisa Cook to remain on the board at least until then.
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Technology is moving quickly and retirement investing is now an individual responsibility, but the core purpose of a Wall Street career is still vital, the veteran banker said in an exit interview.
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The shutdown started with a flight into treasury bonds, putting downward pressure on financing costs, but several other developments slowed mortgage activity.
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Hill, who has been serving as acting chair since January, has steered the agency toward deregulation and away from Biden-era priorities, with strong backing from big banks.
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Federal Reserve Governor Michael Barr warned that subjecting the stress testing models to the notice and comment process could lead them to "ossify."
In a Stanford University study, workers said receiving shoddy content from generative AI models creates almost two hours of extra work per incident.
The 23rd annual ranking of women leaders in the banking industry.
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