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Treasury Department Assistant Secretary for Financial Institutions Graham Steele also spoke favorably of capital changes set to be proposed by banking agencies on Thursday.
July 26
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Stock markets have shot up as investors grow hopeful that the United States will avoid a recession. But nearly 3 in 4 community bankers are less optimistic that the Fed will achieve its mission of reducing inflation without causing a downturn, a survey from IntraFi found.
July 26
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Travelers in China can now add Visa and Mastercard to WeChat Pay and Alipay, providing a boost for the country's tourism industry as it tries to recover from the pandemic. Additionally, British regulators may delay plans to tighten the rules for by now/pay later lenders, partly based on concerns that some of the largest lenders may depart the market.
July 26
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A rising payments star — and photographer — is helping the card network reach content creators and new entrepreneurs.
July 26
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The bank's chief technology officer is testing several ideas for using advanced AI to improve processes and customer experience.
July 26
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The Bank Policy Institute and American Bankers Association want the Federal Reserve to conduct a public review process when determining scenarios for the annual exams. They also want more information on the test's internal models and formulas.
July 26
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As we recognize National Disability Independence Day, it is a moral and ethical obligation to ensure that financial institutions remove barriers that hinder the financial independence of individuals with disabilities.
July 26
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Alison Rose stepped down after the British government, the UK lender's largest shareholder, signaled she had lost its confidence after a political dustup.
July 26
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Elon Musk's grand vision is to turn Twitter into a one-stop shop for financial services. It's hardly the first time a tech giant has sought to muscle in on Jamie Dimon's turf.
July 26
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CEO Ryan McInerney touted the growth of Visa Direct and unveiled a fraud-scoring service called RTP Prevent, which is powered by artificial intelligence, while discussing the card network's earnings for its fiscal third quarter.
July 26
