Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
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One of the oldest U.S. banks is taking on custody of RLUSD, as stablecoins continue their perceived march toward general acceptance.
July 9
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The group expressed concern with the White House proposal to reduce the program's funding, and urged Appropriators to fund the bipartisan-backed Community Development Financial Institutions Fund.
July 9
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The union representing the Consumer Financial Protection Bureau in their suit against mass firings at the agency said the Supreme Court's ruling allowing President Trump to proceed with mass reductions-in-force elsewhere does not impact the union's lawsuit.
July 9
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Steep trade barriers that were set to go into effect on July 9 have once again been put on pause, giving banks a welcome reprieve, but adding still more pressure and uncertainty on the Federal Reserve and the broader economy.
July 9
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Business First Bancshares CEO Jude Melville and Progressive Bancorp head George Cummings are both second-generation bank CEOs — common ground that helped propel an $83 million merger deal.
July 8
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A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.
July 8
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The bank worked with Atomic to embed the digital payroll deposit manager into its mobile banking app.
July 8
The Consumer Financial Protection Bureau has proposed reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and international money transfers.
The Consumer Financial Protection Bureau has been investigating the failed banking-as-a-service fintech and is preparing to file a complaint accusing it of unfair acts or practices.
Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
In this week's banking news roundup: Fulton Financial's Angela Snyder announces plans to retire as president of the Lancaster, Pennsylvania-based bank; Columbia Banking System in Tacoma, Washington, finalizes plans for its latest acquisition; Flagstar Financial opens its first private banking office in Florida; and more.
The security problem affects organizations with a hybrid Exchange environment, running applications in both on-premises servers and Microsoft's cloud.
The Consumer Financial Protection Bureau has been investigating the failed banking-as-a-service fintech and is preparing to file a complaint accusing it of unfair acts or practices.
Revenues were up for the quarter, but stock compensation-related expenses brought the neobank to a negative net income.
In this week's banking news roundup: Fulton Financial's Angela Snyder announces plans to retire as president of the Lancaster, Pennsylvania-based bank; Columbia Banking System in Tacoma, Washington, finalizes plans for its latest acquisition; Flagstar Financial opens its first private banking office in Florida; and more.
The security problem affects organizations with a hybrid Exchange environment, running applications in both on-premises servers and Microsoft's cloud.
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
- Richard Cordray, the first director of the Consumer Financial Protection Bureau, says the Trump administration seems intent on shutting the agency down, even though it has a legal mandate to exist.Sponsored by IntraFi
- Crypto-as-a-service, stablecoins and tokenized deposits all present opportunities for banks, according to Nathan McCauley, co-founder and CEO of Anchorage Digital.Sponsored by IntraFi
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Business First Bancshares CEO Jude Melville and Progressive Bancorp head George Cummings are both second-generation bank CEOs — common ground that helped propel an $83 million merger deal.
July 8 -
A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.
July 8 -
The bank worked with Atomic to embed the digital payroll deposit manager into its mobile banking app.
July 8 -
French bank BNP Paribas is launching a U.K. fintech incubator that will host generative AI startups that have developed applications for banks.
July 8
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Joe Heck, Zip Co.'s U.S. CEO, spoke with American Banker about recent criticisms of the BNPL industry as more consumers turn to it for purchases both big and small.
July 8
