The Texas attorney general has accused WEX Bank of "debanking" a firearm supplier, but the Maine-based bank said it does not discriminate against any industry.
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Der Spiegel and other European publications say the company continued to serve porn sites and money launderers even after regulators cracked down on it.
9h ago
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Pulaski Savings Bank's failure will cost the FDIC's Deposit Insurance Fund 57.6% of its total assets.
8h ago
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Regulators proposed a rule to replace the 2% enhanced supplementary leverage ratio with a capital charge equal to half of a bank's global systemically important bank surcharge. Low-risk assets will continue to count toward leverage requirements under the proposal.
9h ago
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As the Federal Reserve considers changes to the supplemental leverage ratio, Chair Jerome Powell said that effort is one piece of a broader deregulation package that will also address the Basel III capital rules.
10h ago
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The pending sale of the branches in eastern Pennsylvania to a central New York-based bank comes amid Santander's planned closure of 18 branches this summer and its continued focus on building out a national digital bank.
11h ago
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Since the end of COVID, each bank has set its own rules for how often employees need to show up at the office. Here's how a dozen lenders are handling the shift.
June 24
The 5-year-old experiment of tying executive compensation to achieving diversity goals appears to be ending. The abrupt shift comes amid the Trump administration's crackdown on DEI.
The CEOs of smaller regional banks received fatter bonuses last year than their big-bank counterparts, possibly thanks to low performance expectations at the smaller banks after the 2023 banking crisis.
The OCC's approval of SmartBiz buying a bank opens the door to other fintech M&A deals for accessing bank charters, which can help a fintech stay in business.
The 10 winning innovations span categories from AI and payments to risk and compliance. An overall winner will be announced at American Banker's Digital Banking event on June 2.
The Brazilian neobank expanded its bank accounts for minors with new features in 2024 by adding high-yield savings "boxes" and expanding parental controls.
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
As the class action lawsuit settlement industry became overwhelmed with fraud, a bank and a fraud scoring company teamed up to fight back.
The CEO of First Northwest Bancorp is promising to fight a lawsuit claiming the lender helped a client perpetrate a Ponzi scheme that bilked a hedge fund out of more than $100 million.
Two bankers detailed how artificial intelligence is transforming fraud detection and incident response for their institutions. The technology lets analysts ask datasets direct questions.
Brian Minick, who is in charge of cybersecurity for the bank, shared important cyber insights at an American Banker conference this week.
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.
- Tarkowski, managing partner at Actuate Law, shares a legal perspective on the lawsuit that savings app provider Yotta filed against Evolve Bank & Trust in September and recently amended.
- Sid Khosla, EY Americas banking and capital markets leader, predicts that, over the next two years, 20% of generative AI cases will drive 80% of the value across financial institutions. In this podcast, he explains what those use cases are and how banks can make the most of them.
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The ABA's new service adds payee name validation to help banks fight growing fraud risks.
June 25
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Ark Investment Management has offloaded about 1.5 million shares of Circle over four recent trading sessions, worth roughly $333 million, according to Bloomberg. Wood's firm as a whole remains the eighth-largest holder of Circle.
June 24
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Cincinnati-based First Financial scooped up Westfield Bank near Cleveland after Westfield's parent company decided to exit the bank space and focus on its core insurance business.
June 24
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The wealth management and digital banking fintech is following in the footsteps of other fintech IPOs as the market rallies around Chime and Circle.
June 24
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Citigroup is on a quest to modernize its global payments stack and be the go-to financial institution for cross-border payments and international corporations. Debopama Sen, head of payments at Citi's Services business, spoke with American Banker about the divisions' progress since its Services Investor Day in June 2024.
June 24
