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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.
May 5 -
The resignation comes after the bank was placed on the state treasurer's list of fossil fuel industry boycotters.
May 5 -
It's clear that credit unions buying community banks is bad for businesses, bad for communities and bad for government tax revenue.
May 5
Century Bank & Trust -
The FDIC's recent proposal to provide business accounts targeted deposit insurance coverage up to ten times the current rate is gaining traction among industry experts. But a great deal rests on the details, and any reform will probably have to wait until after 2024.
May 4 -
The Cleveland-based bank says it will submit to a racial equity audit conducted by an outside law firm, as Citigroup and Wells Fargo have previously done. The bank's decision follows a request that regulators investigate Key's mortgage lending practices for alleged redlining.
May 4 -
Industry leaders had predicted that JPMorgan Chase's regulator-assisted purchase of First Republic would bolster investors' faith in the sector. But the stock prices of certain regional banks have continued to fall, prompting concerns that selloffs could lead to deposit outflows.
May 4 -
Former First Republic CEO Mike Roffler told regulators earlier this year that the bank could fail according to its resolution plan, but the institution still needed extra help to stay afloat long enough to organize a sale without further harming the financial system.
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