Nine banks and lenders were impacted by the yearslong, $923 million fraud enterprise, according to an indictment of top Tricolor executives. The banks were not publicly named, but JPMorganChase, Fifth Third, Barclays, Louisiana-based Origin Bancorp and Texas-based Triumph Financial have said they would take write-downs.
A 2010 cyberattack targeting the Federal Deposit Insurance Corp. believed to have originated in China is reportedly the subject of an FBI investigation.
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Blockchain-powered transactions for businesses are still in their infancy, but use is expected to grow and banks stand to lose if they don't get up to speed.
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Deconsolidation from Seven & i resulting from a reduction of its stake in Seven Bank would make such a scenario more possible, according to CEO Masaaki Matsuhashi.
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A digital dollar is likely on the way out in favor of non-government crypto, but those betting for fewer restrictions on fees and less antitrust litigation will likely be disappointed.
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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A new TV program airing in Rhode island will highlight financial literacy and the benefits of banking with with credit unions.
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In our recent Community Bank Tech Projects series, we looked at the way a handful of banks chose to invest their precious resources over the last year. Here is a roundup of those projects.
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MySpend, the app created by TD Bank and Moven, is a hit in Canada. The companies have signed an agreement to extend exclusivity to the U.S.
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Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers.
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The amount far surpassed that of any other servicer required to purchase Ginnie Mae-backed loans that were 90 days past due.
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However, those who aren't current bank customers need to have $1 million in a qualifying account.
The top five banks with the largest portfolios of commercial and industrial loans had more than $1.03 billion when combined.
Michelle Bowman has officially taken the reins as the Federal Reserve's top regulatory official, giving her the ability to advance policy proposals.
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In reality, central bank digital currencies would provide only some of the benefits of a real cryptocurrency and would have numerous drawbacks.
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The Federal Home Loan Bank System is a crucial element of our financial infrastructure. All stakeholders should be included in discussions about reforming it.
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The banking industry needs to seriously grapple with the potential — for good and for ill — that generative AI presents for its future.
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Visa launched its Stablecoin Advisory Practice, a value-added service from its consultancy arm Visa Consulting & Analytics, to help financial institutions, fintechs and merchants deploy stablecoin technology.
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The New-York based bank on Monday debuted the My OnChain Net Yield Fund, or MONY, a private fund supported by JPMorgan's tokenization platform, Kinexys Digital Assets.
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Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.
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The Los Angeles-based subsidiary of Royal Bank of Canada is elbowing into fast-growing North Carolina and South Carolina with a strategy focused on middle market banking.
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HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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In a new interpretive letter, the Office of the Comptroller of the Currency will allow banks to serve as middlemen for "riskless" crypto trades, extending existing brokerage authority for securities to digital assets.
New rules means sellers and servicers will need to have plans demonstrating proper oversight of their artificial intelligence and machine learning practices.
The 23rd annual ranking of women leaders in the banking industry.










































































