Profitable community banks based in Georgia and New Mexico have announced deals to sell themselves to credit unions this week, drawing the ire of banking advocates.
Banks will likely take a wait-and-see approach before connecting their apps to Siri, Apple's talking digital assistant. Such conservatism poses risks as consumers increasingly demand the latest digital features.
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The technology company faces fines over potential anti-competition practices; Takis Georgakopoulos is on his way to Fiserv.
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The two financial institutions are testing a combination of machine learning and blockchain to catch errors and block fraud on international transactions.
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As many financial institutions around the world prepare to adopt the ISO 20022 standard for sending international payments by March of 2025, experts say banks failing to make timely preparations could risk losing some customers and payments volume.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
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During the recent market volatility, apps that aim to lure non-typical investors into the market faced a problem with which all digital-only financial products contend: no office to visit for reassurance. Companies turned to emails, tweets and pop-up messages to try to replicate the soothing voice.
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Citizens Financial Group in Providence, R.I., has hired John Bahnken as president of the wealth management unit of its bank. Bahnken had been a senior executive vice president of the wealth management group at BNP Paribas' Bank of the West.
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Apps that help people manage their money on a day-to-day basis are all the rage among millennials. Here are the most effective of the bunch.
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The National Credit Union Administration will meet this week to discuss its proposed budget while the Senate and House work to avoid a government shutdown.
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Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this week's most-read stories.
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Bankers had worried about Rep. Maxine Waters' control of the Financial Services Committee, but many now say the Democrat’s working relationship with the panel’s top Republican is refreshing.
Federal Deposit Insurance Corp. Chair Martin Gruenberg said an FDIC study proves relationship-driven lending practices remain crucial to small-business lending and economic stability, despite technological advancements in the banking industry.
In internal shakeup, the Office of the Comptroller of the Currency will unify supervision divisions, revive the Chief National Bank Examiner office, and elevate IT oversight as part of a broader streamlining push.
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The ill-conceived proposed rule would increase costs for a significant majority of credit card customers.
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A full accounting of regulators' actions in the lead-up to the collapse of Silicon Valley Bank, as well as other recent bank failures, is necessary to restore public confidence in both the banking system and the government itself.
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Comerica's shoddy handling of its Treasury contract to manage Social Security and veterans benefits — including outsourcing fraud claims to a vendor in Pakistan — is emblematic of how the banking industry treats the poor.
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MetroCity Bankshares in Doraville, Georgia, plans to finalize its acquisition of First IC Corp; Rockefeller Capital Management's Brian D. Riley will join BNY Wealth as global head; Blackstone appoints former Morgan Stanley rainmaker Franck Petitgas to a top role in Europe; and more in this week's banking news roundup.
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Philadelphia-area Citadel Credit Union is starting to see a payoff from a major investment in its business banking operations.
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ICBA argues Bridge's stablecoin model pushes the trust charter beyond its intended fiduciary scope.
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Pinnacle and Peapack-Gladstone have sought to preserve their corporate cultures during periods of major change.
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Banks with more than $10 billion of assets made up 12% of American Banker's 2025 Best Banks to Work For list.
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Reseda Group, a CUSO owned by MSU Federal Credit Union, acquired the money management app for couples as part of its strategy for family finance offerings.
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Consumers' and merchants' penchant for 0% loans are boosting the buy now/pay later lender in its first fiscal quarter ended Sept. 30, as gross merchandise volume hit a record.
Capital One must reengage in settlement talks with lawyers for savings account holders after a judge found that an agreement between the two sides wouldn't provide adequate compensation to customers who were allegedly victimized by the bank.
The 23rd annual ranking of women leaders in the banking industry.
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