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The chairman of the Federal Reserve told the House Financial Services Committee that no decisions have been made about regulatory changes, but whatever does come to pass will take time to implement.
June 21
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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
