Over the next decade, an unprecedented generational wealth transfer—estimated at $84 trillion in the U.S. alone—
Orchard Platform, which provides services to institutional investors in the marketplace lending industry, has raised $30 million in additional funding.
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Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.
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2023 saw a recovery in ridership and signs of progress for contactless boarding. But there's still lots of work to do.
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Executives at America's largest banks are making rosier predictions about the financial health of U.S. households than they were a year ago, when their forecasts proved to be overly pessimistic.
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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Some people who owe more than $1 million on their homes are coming under the microscope at the IRS over how much of their mortgage interest they can deduct on their tax returns.
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Zachary Gronich, founder and chief executive of RIA in a Box, has seen his consulting company quickly grow bigger than he expected.
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Lloyd Blankfein, chief executive of Goldman Sachs Group, revealed some of his daily habits while testifying at the Galleon insider-trading trial.
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The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.
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Community banks and credit unions fear a Senate plan and other legislative ideas will nullify steps taken by Fannie Mae and Freddie Mac that have made it easier for smaller institutions to compete.
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The Washington-based credit union has set aside $1 million to help members with down payments for mortgages.
Many banks got shares in the lucrative payments network when it went public in 2008. Some of them are now looking to sell in order to offset losses on their sales of underwater bonds.
An order permitting CSBH LLC in Powhattan, Virginia, to acquire a controlling stake in Industry Bancshares promises to give the Texas company a fresh start in one of the country's most attractive banking markets.
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Because lending to the fossil fuel industry is risky, unbiased rules are needed to ensure financial institutions properly manage these concerns.
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Regulators must be cognizant of any threat that could harm the financial sector while resisting the urge to overstep their authority to set policy that should be decided by Congress.
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Proactively checking in on your customers lets them know who is on their side.
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After a quarter in which Goldman Sachs beat Wall Street's expectations, CEO David Solomon said he was seeing a "meaningful improvement" in the macroeconomic environment.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's multiyear effort to simplify its business model and improve its risk management is starting to pay off in the form of more consistent profitability and improved returns, CEO Jane Fraser told analysts.
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The credit infrastructure and analytics company secured $35 million in a Series D funding round, led by Socium Ventures, the venture capital division at Cox Enterprises, to expand cash-flow underwriting into auto lending and personal loans.
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Lebda, who died over the weekend in an ATV accident, built one of the first online financial marketplaces in 1998.
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Federal Reserve Chair Jerome Powell acknowledged skepticism around the central banks large-scale asset purchases during the pandemic, noting the Fed likely "should have stopped" sooner, but fell short of admitting that the purchase of MBS' contributed to housing disparities.
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Castilla has grown her small Oklahoma bank by focusing on low-cost deposit-gathering, with both a classic community-banking strategy and a digital bank aimed at military members and veterans like herself.
Last year, Dmuchowski led efforts to reposition First Horizon's balance sheet, which is expected to increase net interest income by a projected $35 million in 2025.
The 23rd annual ranking of women leaders in the banking industry.


































































