NCUA has signed a memorandum of cooperation with the Export-Import Bank of the United States that seeks to strengthen financing support for America's small businesses. NCUA Chairman JoAnn Johnson and Ex-Im Bank Acting Chairman James Lambright signed the agreement at the Ex-Im headquarters in Washington. "The loan program guarantees available through the Ex-Im Bank are a great resource for the nation's credit unions to assist their members' small businesses, by facilitating additional access to capital and credit to expand and grow their small businesses," said Johnson at the signing ceremony. For info: www.exim.gov.
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During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.
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PNC CEO Bill Demchak said Wednesday that regulatory processes and enforcement actions take up half of the time that the company's board spends together. Those rules are on deck for a makeover.
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Amid a surge in bank mergers, Citizens CEO Bruce Van Saun said the Providence, Rhode Island-based bank is largely focused on organic growth. "It would have to be a pretty high bar for us to go down that path," he said.
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New research from American Banker finds that financial institutions are asking about ROI, infrastructure costs and compliance burdens.
October 15 -
America's second-largest bank revised its net interest income target upward after what analysts called a "clean" third quarter.
October 15 -
Mastercard has added an "agentic cloud" to speed deployment, while Visa has issued a protocol to help AI agents communicate. That and more in American Banker's global payments and fintech roundup.
October 15