CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
Wells Fargo tapped the head of its wholesale services unit to lead a new research and development division.
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FedNow will transform payments in the U.S., but its adoption might speed up if the Fed adopts some of the strategies Brazil used to roll out its Pix platform.
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Commonwealth Bank of Australia has developed an advanced artificial intelligence tool that can spot harassment in transaction messages.
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Early Warning Services, which operates the peer-to-peer network, is among the latest to take a creative approach to educating consumers about the relentless onslaught of fraud schemes.
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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Investment bankers, whose institutions have already been bailed out to the tune of $817 billion across the globe, now have something else to thank taxpayers for: deals.
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Assets overseen by registered investment advisers such as O'Brien more than tripled in the decade that ended Dec. 31, 2009, to $1.7 trillion, according to Cerulli Associates.
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The agency's acting director said he welcomes lawmakers' “insight and perspective” on how to end the conservatorships of Fannie Mae and Freddie Mac.
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Ginnie Mae has restricted loanDepot's ability to securitize Veterans Affairs mortgages because of apparent churning of recent originations.
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Assets increased 6% in 2018 to nearly $52 billion as loan originations surged and the company redeployed $2 billion of cash into higher-yielding securities.
At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.
Federal Deposit Insurance Corp. acting Chair Travis Hill released a trove of internal supervisory correspondence from the agency to banks regarding proposed cryptocurrency business lines or relationships, initiatives Hill said were "universally met with resistance" by the agency.
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A handful of snafus, some a decade old, shouldn’t tar an entire line of payment products that are a lifeline for many consumers and have helped millions of Americans access and manage their finances during the COVID-19 pandemic.
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A growing chorus of voices seems to share the view of former New York banking regulator Maria Vullo, who once said, “Toddlers play in sandboxes. Adults play by the rules.” But any movement away from the collaborative development of regulations for new financial services products would be a setback for consumer choice.
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The board’s original three-member structure was superior to the five-person model in use today. Here's why it should be reinstated.
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New Federal Reserve research reveals that identity theft victims who use extended fraud alerts often see significant and lasting credit improvements.
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The retail giant is betting on the mainstream appeal of digital assets, while Lloyds' cash-preservation strategy gains steam. That and more in American Banker's global payments and fintech roundup.
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Federal Reserve Gov. Michael Barr is warning small banks about the growing threat from fraudsters' use of AI-generated deepfakes. But he also says AI may be able to help community banks fight fraud more effectively.
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The two banks lead Evident's AI Index, which scores banks according to AI talent, innovation, leadership and transparency.
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Top Democratic lawmakers are asking the full appeals court to hear a case about the Trump administration's efforts to fire employees at the Consumer Financial Protection Bureau.
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The Senate confirmed former Federal Deposit Insurance Corp. board member Jonathan McKernan to serve as Treasury's under secretary for domestic finance on a party-line vote, installing a key industry ally in the Treasury Department.
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The payments company is opening its real-time payments network, Visa Direct, to stablecoins through a prefunding pilot that will allow businesses to move money across borders when banks are closed.
Two large companies' announcements that they're laying off thousands of people they've deemed not AI-savvy have drawn mostly negative reactions.
The 23rd annual ranking of women leaders in the banking industry.






































































