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MVB Financial's agreement to buy Integrated Financial Holdings has fallen through, with both sides citing an uncertain economic outlook and potential regulatory challenges. It's the second M&A deal to be scrubbed in the past week.
May 10 -
Charlie, a digital banking service, will advance users their Social Security benefits and will try to act like a "smart, kind and trusted nephew."
May 10 -
Antiquated rules separating banking and commerce are preventing an infusion of capital that would revitalize the banking market.
May 10
Lumida Wealth Management -
The retail behemoth alleged in a lawsuit last month that Capital One fell short on customer service. But the McLean, Virginia-based bank says ending the partnership would open a path for a rival offering from a Walmart-backed fintech venture.
May 9 -
Sen. Elizabeth Warren, D-Mass., led a group of Democratic lawmakers in writing to executives of large credit card issuers on their late fee policies and costs.
May 9 -
Just 20% of financial-services companies require full-time in-office work, according to a new survey of 251 industry firms by Scoop, which helps companies coordinate hybrid teams.
May 9 -
Workplace culture is changing as rapidly as transaction technology. Some of the industry's leaders discussed the new culture at American Banker's Payments Forum.
May 9 -
Dan Schulman plans to accelerate moves into advanced machine learning, checkout and merchant services to add speed and efficiency to product development.
May 9 -
A recent study looked at government-backed virtual currency.
May 9 -
The Fed's report on the failure of Silicon Valley Bank describes a "shift" in supervisory culture that began five years ago. Some say the issue is much older than that.
May 8 -
The Federal Reserve's survey of senior loan officers is being closely watched since it follows the recent turmoil in the banking industry, which has prompted concerns that a pullback in bank lending could slow economic growth.
May 8 -
Because the Canadian bank pulled the plug on its takeover of Memphis-based First Horizon, a deal it negotiated with community groups won't take effect. Still, community groups are asking TD to uphold portions of the agreement.
May 8 -
American Banker's editorial staff honors 20 women who are leading in all areas of fintech, including startups, venture capital firms, accelerators and law firms.
May 8 -
American Banker's editorial staff chose 20 leaders who have done groundbreaking work during the past year.
May 8 -
Along with money, fraud could also move quicker, putting pressure on financial institutions and clients. Here's what two execs had to say at American Banker's recent Payments Forum conference.
May 8 -
In the wake of spiking interest rates and surging deposit costs, bankers are looking for ways to scale back their overall expense bases to protect their bottom lines.
May 8 -
Rock-bottom stock prices at midsize banks are fueling concerns that depositors could get spooked, and short sellers are drawing much of the blame. But their persistence may be exposing a broader lack of confidence in the industry.
May 7 -
An academic paper establishes a link between tweets about withdrawing money and the bank's collapse.
May 5 -
Miriam Sheril, who helped build FedNow and is currently at a fintech, dispels misconceptions about what Orthodox Jewish women can do in the workplace.
May 5 -
Jeff Banks intends to give bank staff easier access to data and clearer insights they can use to make decisions.
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