New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
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The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
May 16
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Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.
May 16
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Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.
May 16
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In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.
May 16
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The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
May 16
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Ease of use and client accessibility was key to client adoption and core to the bank's design.
May 16
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After a drop in fintech venture capital exit value from IPOs, neobanks and other financial tech startups are closely watching Chime's initial public offering.
May 16
Baton Rouge-based Business First Bancshares would pad its margin as Louisiana's largest state-chartered bank with an all-stock deal for Progressive Bancorp.
The volunteer firefighting crew in Kerr County was the target of impersonation scams on the digital payments platform for donations to relief efforts.
New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
Big banks with the strongest financial performance varied in asset size, geographies and services.
Each of the top-performing banks with more than $50 billion of assets used their own mix of revenue streams to drive performance.
Among banks with between $10 billion and $50 billion of assets, those that targeted narrow lending markets rose to the top.
The show business-themed restaurant, which benefited from a federal loan near the start of the pandemic, says it now owes millions thanks to the Miami-based bank's "fraud, negligence, and misrepresentations." A BankUnited spokesperson declined to comment.
Amy Matsuo is a nationally recognized leader in risk, regulatory, and compliance advisory, currently heading KPMG Regulatory Insights and Compliance Transformation solutions. Her team issues regulatory analysis and insights to over 30,000 client subscribers and supports service professionals across the firm's Audit, Tax and Advisory practices. With more than 25 years of experience in both industry and consulting, she advises large domestic and global clients on navigating dynamic and complex regulatory landscapes.
As a Senior Relationship Manager for CannGen, a leading cannabis insurance carrier, Eric Edwards specializes in supporting clients across the evolving THC-infused beverage space. With a background as an insurance broker in the cannabis, hemp, and CBD sectors, he brings deep industry insight and a collaborative approach to helping brokers navigate coverage challenges and place business, enabling insureds to grow with confidence in a complex and highly regulated market.
New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
The show business-themed restaurant, which benefited from a federal loan near the start of the pandemic, says it now owes millions thanks to the Miami-based bank's "fraud, negligence, and misrepresentations." A BankUnited spokesperson declined to comment.
Amy Matsuo is a nationally recognized leader in risk, regulatory, and compliance advisory, currently heading KPMG Regulatory Insights and Compliance Transformation solutions. Her team issues regulatory analysis and insights to over 30,000 client subscribers and supports service professionals across the firm's Audit, Tax and Advisory practices. With more than 25 years of experience in both industry and consulting, she advises large domestic and global clients on navigating dynamic and complex regulatory landscapes.
As a Senior Relationship Manager for CannGen, a leading cannabis insurance carrier, Eric Edwards specializes in supporting clients across the evolving THC-infused beverage space. With a background as an insurance broker in the cannabis, hemp, and CBD sectors, he brings deep industry insight and a collaborative approach to helping brokers navigate coverage challenges and place business, enabling insureds to grow with confidence in a complex and highly regulated market.
Alan Childs pleaded guilty to using straw borrowers and falsified loan records to help a timber businessman secure millions in fraudulent loans.
Bankers are concerned about stablecoins gaining traction due to the passage of the GENIUS Act, and also continue to sound the alarm about the failure to resolve check fraud disputes, according to the latest quarterly survey from IntraFi.
Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
Most Influential Women in Payments honorees say the dramatic expansion in technology presents new opportunities and challenges as employers evolve away from traditional business models.
Honorees from American Banker's Most Influential Women in Payments discuss spotting tangible uses for innovation, rather than buying into hype.
Each year, American Banker recognizes the women who are advancing the payments industry in banking, retail, acquiring, processing and more.
- Richard Cordray, the first director of the Consumer Financial Protection Bureau, says the Trump administration seems intent on shutting the agency down, even though it has a legal mandate to exist.Sponsored by IntraFi
- Crypto-as-a-service, stablecoins and tokenized deposits all present opportunities for banks, according to Nathan McCauley, co-founder and CEO of Anchorage Digital.Sponsored by IntraFi
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The Federal Reserve chair said there is "room for improvement" in how the central bank conveys economic uncertainties to markets and the public.
May 15
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The crypto trading platform said the hackers bribed contractors or employees outside the U.S. to steal sensitive customer data and then demanded a $20 million ransom.
May 15
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The top five credit unions in the ranking had combined assets of more than $326 billion as of Dec. 31.
May 15
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The Trump administration has brought deregulation and staff cuts to the Consumer Financial Protection Bureau, leaving many wondering what's next.
May 15
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The Pennsylvania company spent the last five years adding lines of business, cleaning up its balance sheet and leveling up its technology. This year, Customers needs to churn out consistent earnings to prove that the investments were worth the costs.
May 15
