CHICAGO - (02/09/06) -- Stan Paur, the longtime head of thePULSE EFT network, was named chairman of Morgan Stanley's DiscoverFinancial network, the company announced Wednesday. Paur has beenpresident and CEO of PULSE for the past 23 years and guided lastyear's merger into Discover Financial. Paur, a well-known figure inthe credit union movement, will be succeeded as head of PULSE byDavid Schneider, current executive vice president and chiefcorporate development officer for the network.
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The Las Vegas bank's deal for Arc Technologies comes three months after Capital One paid $5 billion for AI-native payments firm Brex.
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With Robinhood Chain now live, the company is pushing into tokenized equities, stablecoin lending and international markets.
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Industry experts say regional banks have roughly a two-year window in which to merge, before they risk the clock expiring on the Trump administration's M&A-friendly policies.
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The order covers the European units of JPMorganChase, Goldman, Citi and Morgan Stanley, and previews what U.S. regulators may eventually demand.
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The proposal calls for banks to make their compliance programs "risk-based" and pledges to emphasize "systemic" flaws with anti-money laundering programs rather than "isolated" shortcomings.
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