Treasury laid off all of its Community Development Financial Institution Fund staff on Friday, with the reduction in force notices saying that the department plans on abolishing the fund.
San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.
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As more corporations call employees back to the office, payments technology firms like Wise are balancing the need for in-person collaboration with meeting workers' flexibility needs.
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Klarna Bank's former chief operating officer was forced to leave his post at the helm of one Sweden's biggest online savings platforms having held the post for less than a week.
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The bank is adding fintech-style buy now/pay later lending to other recent payment upgrades at its merchant acquiring unit.
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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State Street Global Advisors introduced the SPDR S&P Emerging Markets Dividend ETF and the SPDR Barclays Capital Emerging Markets Local Bond ETF on Thursday.
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Only 10% of Americans with $5 million to $25 million in investable assets described themselves as "very wealthy" in a recent survey by Spectrem Group, and 28% considered their wealth just "moderate."
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It sounds like a great deal: an investment that generates guaranteed, tax-free returns that are likely to be well above the inflation rate.
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Borrowers and financial institutions may be feeling the strain from reduced operations at the FHA and IRS, which has suspended the release of certain income documentation during the budget impasse.
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The agencies are weighing a plan to reduce the scope of residential real estate transactions requiring an appraisal, but appraisers have warned that the proposal could have consequences.
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Banks need to stake out a presence on platforms that have nothing to do with banking.
Citigroup's earnings topped analysts' estimates as corporations tapped markets for financing and consumers leaned on credit cards.
Pressing tech items across banking include the Federal Deposit Insurance Corp.'s impending Synapse rule and Regions Bank's play for an open banking future.
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The question is unfair to people who have never been found guilty or have been accused of minor offenses. It’s especially unfair to minority applicants.
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The decision to drop the London interbank offered rate as a benchmark interest rate means that contracts for hundreds of trillions of dollars in financial assets need to be rewritten. U.S. regulators should allow existing agreements to be amended without the threat of massive litigation.
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Financial threats were low on the list of fears chief risk officers at major U.S. banks expect to face in the coming year, according to a recent survey. It’s increased regulation, data management and technology vulnerabilities that keep them up at night.
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Heitsenrether has been leading the charge on deployment of advanced AI throughout the bank.
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On Beer's radar: AI, quantum computing, concentration risk
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Piepszak kicked off the year stepping into the chief operating officer position, but she's taken herself out of the running for CEO.
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The Most Powerful Women in Banking, No. 3, Marianne Lake, JPMorganChase
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The Oklahoma City native, who joined Truist in early 2024, oversees a mix of businesses including commercial and corporate banking, commercial real estate, investment banking and wealth management.
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Under Habner's leadership, Citi has become the third largest issuer in the U.S. general purpose credit card market.
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Under Johnson's leadership, Franklin Templeton launched a private equity fund along with two real estate funds in 2024.
Yeshaya, a daughter of immigrants, said she sees the challenges she's faced as opportunities for growth.
The 23rd annual ranking of women leaders in the banking industry.

































































