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Borrowers from certain nonbank lenders that have been identified as magnets for Paycheck Protection Program scams also committed check fraud at elevated rates, according to a new data analysis. Banks could use that kind of data from the pandemic-era government program to spot bad actors.
May 17 -
Ripple buying a Swiss crypto-custody firm, Binance leaving Canada, and more.
May 17 -
In an earlier interview, Dimon said that JPMorgan had set up a "war room" looking at contingencies if the debt limit isn't increased in time.
May 17 -
In recent years, stress tests have not accounted for some very clear real-world risks. This must change immediately.
May 17
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The bank is working with The Clearing House and real estate tech company EMTransfer and is hoping to cut paper and time from the process of selling property.
May 17 -
F.N.B. Corp, the holding company for First National Bank, is making its second investment in the $13 million-asset Hill District Federal Credit Union.
May 17 -
The U.S. Postal Service wants to help banks fight a rise in check scams by adding electronic locks and other security at mail collection sites, but the problem has many causes.
May 16 -
The Philadelphia bank's CEO says it will wait for a more favorable time to pursue a planned $125 million capital raise, while the leader of an activist group blasted the decision and announced the renewal of proxy and legal fights.
May 16 -
Michael Barr, the Federal Reserve's vice chair for supervision, fought back against criticisms by Republicans on the House Financial Services Committee that toughening capital requirements would be an overreaction to the recent banking crisis.
May 16 -
Nominating and confirming acting Comptroller Michael Hsu would solve a serious problem in a good way.
May 16
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