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The Arkansas bank is working with 10 universities' athletic departments to create programs for women it hopes will one day join its ranks.
December 16
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The Office of the Comptroller of the Currency released draft “supervisory principles” for banks with more than $100 billion of assets, saying they should account for weather-related risks. Officials said public feedback on the guidelines will help inform more detailed interagency policy next year.
December 16
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The National Credit Union Administration set a lower target for business trips and additional staffing amid concerns stemming from the ongoing impact of the pandemic.
December 16
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The Consumer Financial Protection Bureau has ordered Affirm, Afterpay, Klarna, PayPal and Zip to provide information about the potential risks their products pose.
December 16
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The Canadian lender has held initial talks about an acquisition of BNP Paribas’s Bank of the West unit, according to people familiar with the matter. Bank of the West had a book value of about $13.7 billion on Sept. 30, according to FDIC data.
December 16
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In attempting to advance a measure dealing with bank merger policy, the three Democratic board members at the Federal Deposit Insurance Corp. were really trying to "wrest control" of the agency, Chair Jelena McWilliams said in a Wall Street Journal op-ed.
December 16
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Worker shortages at call centers and rising concerns about account fees may have contributed to the industrywide decline, according to the authors of a new J.D. Power study. Capital One, which scored highest, benefited from its strength in digital banking.
December 16
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The Pennsylvania bank run by Sam Sidhu is updating its platform to support real-time payments for cryptocurrency companies and will offer embedded finance and banking-as-a-service to fintechs.
December 16
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Morgan Stanley made sweeping changes to its employee benefits including increasing parental leave and allowing some employees to buy its stock at a 10% discount amid intense competition for talent.
December 16
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Citigroup told staffers in the New York City metropolitan area to work from home again through the holidays if they are able, citing the recent rise in COVID-19 cases in the region.
December 16
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The tax preparation company, which is building out its own financial services business, says Square's new brand "would improperly capitalize on the goodwill and consumer trust cultivated by [H&R] Block since 1955."
December 16
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Experts discuss the latest ways firms are defining their value propositions and evolving their customer communications, experience and support.
December 16
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Kabbage and other firms are extending credit to fund higher salaries at the small merchants that are struggling to hire new employees.
December 16
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