The Federal Reserve Thursday issued a proposal that would allow banks to be considered "well managed" even if they are found to be deficient in their governance and controls.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
-
After enabling used-car sales with The Clearing House's RTP rail, the bank has implemented the same technology for real-time funding of vehicle loans.
-
This week in global banking news, German regulator BaFin takes action on Allianz, trains in Toronto add contactless fare tech, Klarna expands in the U.K., and more.
-
Many BNPL lenders are expanding the services they offer to consumers. But adapting the product for businesses, or reducing friction at the point of sale, could also be avenues for growth.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
-
A recent Fidelity Investments survey of almost 500 tax advisers found that 40% of investors working with tax advisers are eligible for a Roth IRA conversion now that income limits have been removed and 35% were expected to complete a conversion by yearend.
-
To fuel expansion in its new retail brokerage unit, Huntington Investment in Columbus, Ohio, plans to recruit veteran brokers from national and regional firms, only not with promises of big signing bonuses.
-
An upstart online financial management firm from Washington has found a unique way to market to low- and middle-income investors: Through water and electric bills.
-
A financial report due out soon could reignite a battle over whether the Federal Housing Administration should again reduce its annual premium.
-
Flagstar Bancorp's quarterly profit increased after a decline in the value of a 2012 legal settlement liability tied to its mortgage lending practices.
-
Heartland Financial USA in Dubuque, Iowa, has named Jack Lloyd president of its residential mortgage business.
Mobile banking offerings at midsize banks scored below those of their larger peers in a recent customer satisfaction survey. At a time of rising interest rates, consumers are increasingly valuing digital offerings that act as money movement hubs, experts say.
The credit card giant says that it is "proactively meeting" with advocacy organizations to gather feedback that would help with the creation of a community benefits plan. The National Community Reinvestment Coalition, which has negotiated 21 such deals since 2016, opposes Capital One's proposed acquisition of Discover.
-
Even where there have been innovations in the B2B payments space, often it has not accounted for the needs of both sides of the B2B transaction, and thus, adoption has been slowed, says Billtrust's Nick Babinsky.
-
The agency’s advance notice of proposed rulemaking, which would require banks to evolve with technology, shows foresight that policymakers too often lack.
-
Mobile payments and open banking open a new world of access, but also a need to shore up data protections, says Global Processing Services' Shaun Puckrin.
-
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
-
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
-
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
-
The Federal Reserve has banned a Wyoming bank employee from the banking industry for embezzling more than $30,000 from a charity.
-
Treasuries tumbled after a stronger-than-expected jobs report for June prompted traders to exit bets on an interest-rate cut by the Federal Reserve this month.
-
The Bureau of Labor Statistics issued its unemployment report for June, showing that the economy added 147,000 jobs. The report supports the Federal Reserve's patience to cut interest rates.
- 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.
San Diego's North Island Credit Union joins a growing number of institutions that are prioritizing AI technology to streamline customer service.
Commerce Bancshares agreed to pay around $585 million to acquire FineMark Holdings. It's the Missouri bank's first bank deal in 12 years.
The 23rd annual ranking of women leaders in the banking industry.
-
Partner Insights from FIS -
Partner insights from Infosys -
Partner Insights from Alloy -
Partner Insights from Alloy
