Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
Identity theft protection company LifeLock is coming under fire from the Federal Trade Commission for failing to adequately protect customers' credit card and bank account data, Social Security numbers and other sensitive personal information, among other allegations.
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Real-time payments and a potential central bank digital currency are different initiatives, but many bank customers get them mixed up. To promote acceptance of FedNow, banks must distinguish between these new technologies as well as dispel the myths and fears linked to CBDCs.
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How the next generation of payments technology is being developed in fields such as public transit, sports and long-haul trucking.
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Australia plans to put Apple Pay and Google Pay under the same rules that apply to credit cards, NatWest is inviting customers into its branches for a tabletop game about the perils of financial scams 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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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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Morristown Financial Group, the largest branch of LPL Financial in gross production, hopes a planned hybrid registered investment adviser will help it continue its heady expansion.
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Stuart Hendel is heading to Bank of America Corp.'s Merrill Lynch unit to head its global prime brokerage unit, the company said Monday.
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Among the things we've learned this earnings season: C&I is back, fee income is flat, and leveraged lending is beginning to "rear its ugly head."
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Recent comments attributed to the acting head of the Federal Housing Finance Agency (who is also comptroller of the currency) have stoked speculation about the Trump administration’s housing finance policy.
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The surge in new lending at the Pasadena, Calif., company offset rising deposit costs and sluggish fee-income growth.
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
Sen. Tim Scott, R-S.C., the chairman of the Senate Banking Committee, said they would try to pass crypto and stablecoin bills in the first 100 days of the Trump administration.
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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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BNPL providers earn most of their money from their merchant partnerships, not late fees, as their critics claim.
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Under procedural changes recently adopted by the Consumer Financial Protection Bureau, the director could pursue more enforcement actions administratively without federal court approval. Financial firms may have a harder time defending themselves as a result.
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Federal Reserve Gov. Stephen Miran sidestepped whether policy setting pressure from the administration is a welcomed development, but reiterated that he wants to avoid succumbing to "groupthink."
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The Federal Deposit Insurance Corp. approved proposals Tuesday that would define "unsafe or unsound practices" and ban the use of "reputation risk" in supervisory exams.
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The messaging service is building a network of banks to support the technology that underpins digital currencies. Technology experts say this "single location" concept encourages legacy institutions to adopt digital assets, but it's just one of many options.
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Chayt said the bank has been able to onboard customers "at the speed of fintech" rather than "the speed of banking."
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Posnett gets paid to worry about the volatility of the macro environment. Her answer: Q2 investment banking fees are 26% higher than the same period in 2024.
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Led by Bryant, serendipitous high-stakes acquisitions and a commitment to niche markets have led to First Citizens Bank's strong growth year-over-year.
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The first government shutdown since 2019 will slow flood insurance originations and new Small Business Administration loans, though self-funded banking regulators will continue operating as usual.
Though small banks have a durable customer base in the small-business sector, the decades-long consolidation trend will likely speed up, according to a new report from Morningstar DBRS.
The 23rd annual ranking of women leaders in the banking industry.
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