The megabank is cooperating with a government request for information related to how it decides which customers to bank. It is the second large U.S. bank — along with Bank of America — to disclose such a probe.
Cybercriminals and hackers are increasingly targeting people, and not just technology, in an attempt to breach financial institutions.
-
To help historic restaurants facing dramatic losses when COVID struck, American Express rolled out grants to 25 needy restaurateurs. Four years later, the program is reaching twice as many establishments and the card network's investment has more than doubled.
-
Any approval of the proposed Capital One-Discover merger must come with a pro-competitive 1% interchange fee condition to benefit consumers and small businesses and challenge the dominating duopolist Visa, and a pro-community 5% deposit reinvestment condition.
-
A digital-payment trend that began during the COVID pandemic is being bolstered by features such as rewards and state ID storage.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
Charles Schwab Corp. customers with Android smartphones can now deposit checks into their bank and brokerage accounts.
-
The private-equity firm Kohlberg Kravis Roberts & Co. is pursuing a minority investment in ING Group NV's U.S. online bank, according to a person with knowledge of the matter.
-
Financial advisers' pasts have always been able to haunt them, thanks to rules that give the public access to records of disciplinary troubles and legal scrapes. Now new rules will push those skeletons even further out of the closet.
-
The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.
-
A handful of institutions in the last year have rolled out loan programs targeting members of the military and first responders, but there could be risks associated with these mortgages if the economy takes a nosedive.
-
As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal.
The Long Island-based thrift, long associated with multifamily and CRE lending, saw business lending spike the past year as it onboarded 15 banking teams. Other banks that did significant hiring have also reported more deposits and wider margins.
The Mississippi lender said regulators have signed off sooner than expected on its $103.6 million acquisition of First Chatham Bank. The bank's CEO and deal advisers said the speedy approval bodes well for future M&A.
-
The Federal Reserve Bank of San Francisco's advances to Silvergate Bank, which catered to the cryptocurrency industry, aren't as worrying as the context — the Federal Home Loan Bank System is a systemically critical node of liquidity in the banking system.
-
Interacting with ChatGPT is like hanging out with the best-informed, brainiest acquaintance you've ever had. Surprisingly, it's that characteristic that makes it a boon to the banking industry.
-
Regulators must not choke off lending at a time when banks are well positioned to help ease the blow of an economic downturn.
-
As the political dispute drags on, there are implications beyond government disbursements, potentially harming corporate cash positions and the larger economy, according to payment experts from Billtrust and research firms.
-
As the Office of the Comptroller of the Currency receives a spurt of applications for national trust charters from crypto and payments firms, bank trade groups are urging regulators to ensure proposed activities fit within the statutory limits of the charter and the law.
-
A new study has decoded banks' television commercials, analyzing what the messaging reveals about the bank behind the advertisement. When an ad leans too hard on emotions, researchers found, viewers should beware.
-
The head of the government-sponsored enterprise's oversight agency said the cuts were made to positions that weren't central to mortgages and new home sales.
-
The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn't interested in using its excess capital to restructure its securities book.
-
Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast.
- Daily BriefingDelivered Every WeekdayIdeas that impact your business delivered to your inbox every day.
- TechnologyWednesday, ThursdayThe latest industry developments from digital banking to cybersecurity to AI.
- PaymentsDelivered Every WeekdayAn early-morning roundup of important headlines from the past 24 hours.
- Best of the WeekFridayThe most important and widely read stories from the previous week.
From baby boomers' family needs to the fearlessness of Gen Z, three bank executives discussed the work habits of different age groups at American Banker's Most Powerful Women in Banking conference.
The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.
The 23rd annual ranking of women leaders in the banking industry.
- Sponsored by Onfido
-
Partner Insights from Temenos - Sponsor Content from Acxiom
- Sponsor Content from Fiserv
