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Bank of America had a 55% increase in new clients in May, and the lender is planning to bulk up staffing to keep up with demand.
June 21
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Philip Jefferson, a current Federal Reserve Board member, is President Biden's nominee to be vice chairman of the central bank. At a Senate hearing, he gave measured responses to questions about the potential for heightened regulation of midsize banks.
June 21
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The oil-rich emirate has explored a string of ambitious acquisitions in the international banking sector. None have panned out so far.
June 21
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Innovators of the Year and Most Influential Women in Fintech were announced last week at the Digital Banking Conference .
June 21
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Barefoot, co-founder of the Alliance for Innovative Regulation, works to help regulators innovate. She is one of American Banker's most influential women in fintech.
June 21
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The bank and MoCaFi are offering digital disbursements and cards as a cheaper and more accessible alternative for underbanked consumers.
June 21
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Greater Nevada Credit Union in Carson City promoted Danny DeLaRosa to be its next president and CEO. He replaces Wally Murray, who retired in March.
June 21
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The Senate Banking Committee sent the bill led by the panel's chairman, Sherrod Brown, D-Ohio, and ranking member Tim Scott, R-S.C., to the full Senate in a 21-2 vote.
June 21
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The Fed's aggressive tightening has been a boon for money markets, which have drawn investors seeking a haven from volatility and tiring of the skimpy rates on bank accounts.
June 21
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Data from recent bank failures suggests that prevailing assumptions about which deposits are the most volatile could be dangerously flawed.
June 21
