Empowering Small and Mid-Sized Businesses: A Bank's Role in Local Economies
The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.
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PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.
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Banks can choose to only receive transactions instantly, and it's the most popular choice. Simply preferring to get paid faster isn't the reason.
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In this month's roundup of top banking news: Truist Financial announces plans to shutter 4% of its branch network, Fiserv pursues a special-purpose bank charter, Wells Fargo distributes a $1,000 bonus to lower-paid employees and more.
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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A decade after its launch, Bank of America Merrill Lynch's 401(k) platform for small businesses is approaching 1 million participants — and it's expanding beyond its signature 401(k) focus.
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A court in Italy acquitted Citigroup Inc., Deutsche Bank AG, Morgan Stanley, Bank of America Corp. and bankers at the companies in a market-abuse case relating to the 2003 collapse of Parmalat Finanziaria SpA, Italy's biggest dairy company.
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Morgan Stanley Smith Barney hired Jeff Hack from JPMorgan Chase & Co. as its chief operating officer, one of several organizational changes announced by the firm's new president, Gregory Fleming.
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The CEO of the nation's largest bank urged policymakers to ease capital rules for banks and tackle inefficiencies in the housing markets, while offering bold ideas of his own on education and health care.
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The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.
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After a brief delay, the agency’s acting director signed off on Fannie Mae and Freddie Mac contributing to the National Housing Trust Fund and Capital Magnet Fund.
As high interest rates continue weighing on banks' balance sheets, some are selling branches to real estate firms and leasing them back. The strategy is helping lenders that want to restructure their underwater bond portfolios.
Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand.
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The cybersecurity crisis arising from super-fast computing is approaching more quickly than the industry and its regulators may realize.
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The crypto industry yearns for clarity on stablecoin regulations, but allowing the central bank to set the rules of the road would stifle innovation.
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We can't afford to miss this opportunity to build capacity in community development financial institutions.
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Following a $60 million credit hit, the Salt Lake City bank said that it hasn't found any other related problem loans.
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The parent company of Heartland Bank and Trust plans to acquire a smaller bank based in Carlinville, Illinois. The acquisition would give the buyer added heft in Central Illinois, as well as the Chicago and St. Louis metro areas.
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Six trade groups warned the administration layoffs and funding freezes could dampen lending, threatening the administration's goal of economic growth.
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The Boston-based bank is the second bank in three months to face pressure to sell by the activist investor group HoldCo Asset Management.
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Comptroller of the Currency Jonathan Gould said in an interview with American Banker that his agency is looking at whether its own internal guidance may have contributed to a climate where banks feel the need to "cite everything" to avoid supervisory penalties.
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AlumniFi, the digital banking arm of Michigan State University's official credit union, is now an official bank partner for the NCAA's Big East conference.
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Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
The 23rd annual ranking of women leaders in the banking industry.
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