In a career spanning three decades at Bank of America, O'Neill has risen from trainee to the head of all consumer banking. In the near term, she plans to open more branches and make better use of AI.
Banks can expect to incur higher costs in several areas during the implementation of a settlement agreement to improve the accuracy of credit reports. But they might benefit in the long run by getting better information on borrowers.
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NCR has completed the spinoff of its ATM business, Revolut doubles its number of fraud-fighters in two years, China builds a zone for digital yuan users, and more.
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The Indian government's efforts to create digital public access for women can be a model for other countries.
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Because instant settlement is irreversible, companies like Orum expect to see demand for systems that can vet recipients within seconds.
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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Days after the Securities and Exchange Commission recommended that all financial advisers practice within the fiduciary standard of care, BlackRock announced Jan. 24 that it has hired an executive for that role.
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Assets held in domestic exchange-traded funds reached a record $995 billion at Dec. 31.
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Under the Federal Housing Finance Agency's plan, small Home Loan banks would face a new housing benchmark and a volume threshold for meeting the goals would be eliminated.
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The pledge comes as Fifth Third, which had previously committed $30 billion to community development, looks to close on its acquisition of MB Financial in Chicago.
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The housing finance agency, which is increasingly at the forefront of reform discussions, has been without a permanent chief for almost two years.
Ken Vecchione, leader of Western Alliance since 2018, grew up listening to his parents talk business strategy around the dinner table. He called on those lessons and his more than 30 years of experience to steer the regional bank through last year's turmoil.
The Supreme Court heard oral arguments in Thompson v. United States, which could decide whether the federal government can prosecute "misleading" in addition to "false" statements to the Federal Deposit Insurance Corp.
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If Biden appointees are going to apply more antitrust scrutiny to bank mergers, they need to factor into their analysis the competitive threat that banks face from fintechs and other less-regulated players.
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If the Justice Department and other agencies are serious about overhauling the bank merger process, they need to start by establishing whether consolidation helps or hurts consumers.
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Compensation needs to be competitive, of course, but employees also need to feel appreciated. In a challenging labor market, here’s how banks can retain their best workers and keep them motivated.
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A longtime focus on alternative investments positioned this asset-management heir to benefit from the recent surge of consumer interest in crypto and a relaxed regulatory regime.
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With a shift toward financial-planning advice and banking, the brokerage-house leader hopes to grow her firm faster.
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Marrs runs Amex's second largest business by revenue and card member spending.
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Despite being in the industry for 25 years, Marcelli still wakes up in the middle of the night to jot down ideas.
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Milrod, a champion of innovation, has strengthened State Street's position in the digital assets space, including securing three of the 11 Bitcoin and Ethereum ETFs launched this year.
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Fogarty, who was promoted to chief operating officer of investment services in July, leads the firm's largest business unit.
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The digital asset tech provider, which recently raised $140 million, will power Morgan Stanley's E*Trade crypto offerings early next year.
A new industry standard from the Cloud Security Alliance aims to solve major security challenges for companies that rely heavily on cloud-based operations.
The 23rd annual ranking of women leaders in the banking industry.
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