Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he worked as a copy editor and reporter for China Daily. He then returned to New York, where he earned his master's degree from the CUNY Graduate School of Journalism. Since then he's worked as a reporter for the New York Daily News and The Independent, as well as a video producer for the Daily Mail, the Daily Beast and Men's Journal.
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The legislation would let merchants, as well as banks and credit unions, round cash transactions to the nearest nickel, part of the administration's effort to discontinue the penny.
By Claire Williams and Nathan PlaceSeptember 29 -
The American public has soured on AI amid dire warnings about the technology's safety. But at banks, the approach is still full steam ahead.
By Nathan PlaceSeptember 29 -
Even as it also spends big on AI, Bank of America is sending a clear signal that human workers will still play an important role in tomorrow's workforce.
By Nathan PlaceSeptember 24 -
WestStar Bank of El Paso is acquiring Albuquerque's Southwest Capital Bank, bringing it six new branches in New Mexico.
By Nathan PlaceSeptember 23 -
Banks are playing a key role in financing the buildout of artificial intelligence. If the industry falters, they will have much to lose — and that would be bad news for the global economy.
By Nathan PlaceSeptember 23 -
1st Summit Bank in Johnstown, Pennsylvania, is offering high school graduates not just free training, but a seven-year employment guarantee. It's an approach that some experts think could catch on.
By Nathan PlaceSeptember 18 -
As Truist Financial implements the strategy of Chief Executive Michael Lyons, the bank is dropping near-prime auto lending, a business that it says doesn't play to its strengths.
By Nathan PlaceSeptember 15 -
Banks have embraced artificial intelligence for years. Now, after a week of dire warnings about the technology's risks, executives at two big banks are calling for caution and calm.
By Nathan PlaceSeptember 14 -
For months, United Bancorporation of Alabama avoided a public clash with two unhappy shareholders. But after the duo demanded seats on the board of directors, the bank finally clapped back.
By Nathan PlaceSeptember 9 -
Two shareholders at United Bancorporation of Alabama say they've been expressing their concerns for years, to no avail. Now they want seats at the table.
By Nathan PlaceSeptember 8 -
Equity Bancshares in Wichita, Kansas, had been looking for a way to establish a significant Iowa presence. By acquiring Lincoln Bancorp, which has 16 branches in the state, it's found a way in.
By Nathan PlaceSeptember 3 -
The federal government has largely stepped back from enforcing antidiscrimination laws in lending and housing. Under a recently passed bill, regulators in the nation's most populous state would seek to fill the void.
By Nathan PlaceSeptember 3 -
Erin Piacenti, 32, was a vice president at Bank of America and the mother of a five-month-old baby. On her way home from work, she was stabbed to death in what New York police called a "random and unprovoked attack."
By Nathan PlaceSeptember 1 -
A lawsuit accusing U.S. Bank of harassing and discriminating against its former head of AI can proceed following a federal magistrate judge's ruling. The suit's defamation and blacklisting claims, however, were thrown out.
By Nathan PlaceAugust 28 -
Even as U.S.-Canadian trade relations reached a new low, Canada's second-largest bank reported strong profit growth at its American business.
By Nathan PlaceAugust 27 -
The Trump administration issued guidance Tuesday forbidding a set of lending programs meant to combat discrimination. But banks saw the government's action coming — and some had already dismantled their programs.
By Nathan PlaceAugust 26 -
Executives at two of Canada's largest banks expressed confidence Tuesday that they can survive a new trade war. But analysts warn that the situation is highly unpredictable.
By Allissa Kline and Nathan PlaceAugust 25 -
In recent years, U.S. tuition costs and student debt have skyrocketed. A number of credit unions have stepped up to help their employees handle the bills.
By Nathan PlaceAugust 25 -
In an age of employee burnout, credit unions stand out as places where workers are unusually satisfied with their jobs. Here are the best 70 to work for.
By Nathan PlaceAugust 25 -
A Federal Reserve enforcement action against Germany's largest bank was the last of the consent orders remaining from the Obama-era violations. Between 2007 and 2013, foreign exchange traders from six banks conspired to manipulate interest rates.
By Nathan PlaceAugust 20



















