Once its second deal in less than three years closes midway through 2026, the Alexandria-based company will operate more than 100 branches and hold $11 billion in assets.
Lloyds Banking Group was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said.
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A punitive tax on payments sent overseas to the families of immigrants would have a cascading set of consequences — all of them bad.
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The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.
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The contract gives the nation's oldest bank access to more than $3 billion in deposits a month. Comerica, the current administrator, has received a three-year extension of service to help with the transfer.
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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Long Game uses behavioral economics and the mass popularity of lottery games to redirect lottery spending toward savings.
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A Nebraska banking veteran put up $1 million of her own money to create a microlending program that doesn't require business owners to provide traditional collateral.
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The Silicon Valley lender that caters to affluent millennials has ambitions to become a one-stop shopping destination for financial services.
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An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.
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Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.
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The housing agency's prior permanent chief, Brian Montgomery, left the position after he was tapped to become deputy HUD secretary.
Banks seeking to offload CRE assets are finding a receptive marketplace while regulators have managed to keep the situation in balance, observers say.
Opposition is growing to the Trump administration's efforts to roll back fair lending requirements for lenders imposed by Biden-era prosecutors.
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Banks cannot shrug off the impact of sudden account closures as inevitable collateral damage involved in fighting money laundering.
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The proposal's plan for addressing securities financing transactions will lead to negative unintended consequences for multiple financial entities.
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The CFPB needs to think bigger — much bigger — when it comes to writing rules for Section 1033 of the Dodd-Frank Act.
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The Department of Justice wants Federal Reserve Chair Jerome Powell to state if the central bank is profitable again and can, therefore, fund the Consumer Financial Protection Bureau.
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The Financial Services Forum, which represents the largest U.S. banks, formed a new 501(c)(4) advocacy group to amplify big banks' policy preferences, a move that could counter the crypto industry's growing political influence.
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New research from American Banker explores how bankers predict stablecoins, subprime credit, cyber security and other factors will shape the industry at large.
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Federal Reserve Gov. Christopher Waller said monetary policy must remain insulated from political pressure, arguing that communication with the White House should be limited. Waller is slated to meet with President Trump Wednesday afternoon.
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Bank groups, crypto firms and regulators are divided over whether fiduciary digital-asset custody fits naturally within the national trust charter model — or whether, as critics argue, the agency is quietly reinventing the charter.
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In a Senate Banking subcommittee hearing, lawmakers discussed a bill that would guarantee all legal industries and all individuals fair access to banking services.
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Called Titan, it adds perks and high-end offers to lure corporate clients. Payment experts say it faces challenges in battling incumbents such as American Express.
Recent weeks have seen a flurry of stablecoin risk reports from international finance institutions. Noelle Acheson deduces what's really going on here.
The 23rd annual ranking of women leaders in the banking industry.
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