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The bank's $4.6 billion commitment is smaller in size and shorter in duration than a previous plan. It also pledged $9 billion to sustainable finance initiatives over the next three years.
June 21
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The Consumer Financial Protection Bureau issued two reports analyzing banking and consumer credit trends in the South, where many rural areas are considered "banking deserts."
June 21
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The environment for initial public offerings in the U.S. has surged since last September, and it's set to keep rising.
June 21
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At the Milwaukie, Oregon, institution, total loans increased 16% in the first quarter from a year earlier. But President and CEO Aaron Goff predicted this would level off significantly for his credit union and the industry overall.
June 21
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The chairman of the Federal Reserve told the House Financial Services Committee that no decisions have been made about regulatory changes, but whatever does come to pass will take time to implement.
June 21
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Bank of America had a 55% increase in new clients in May, and the lender is planning to bulk up staffing to keep up with demand.
June 21
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Philip Jefferson, a current Federal Reserve Board member, is President Biden's nominee to be vice chairman of the central bank. At a Senate hearing, he gave measured responses to questions about the potential for heightened regulation of midsize banks.
June 21
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The oil-rich emirate has explored a string of ambitious acquisitions in the international banking sector. None have panned out so far.
June 21
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Innovators of the Year and Most Influential Women in Fintech were announced last week at the Digital Banking Conference .
June 21
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Barefoot, co-founder of the Alliance for Innovative Regulation, works to help regulators innovate. She is one of American Banker's most influential women in fintech.
June 21
