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Capital One has been rolling out coffee shops where it can offer banking services — but are not considered branches. The cafes have been especially effective at gathering deposits, putting more pressure on community banks that have already been losing deposits to their larger rivals.
February 8
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The full Senate will now consider the nomination of Jelena McWilliams to lead the FDIC, as well as nominees to sit on the Federal Reserve Board and the Financial Stability Oversight Council.
February 8
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A provision in the Senate’s two-year budget deal would cut the Federal Reserve's operating surplus by $2.5 billion, the second time in recent years that Congress has diverted Fed funds.
February 8
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Former COO Todd Hall will take over as president, while Marc Schaefer will stay on as chief executive officer.
February 8
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Emphasizing its commitment to data advancement and security, Mastercard has named JoAnn C. Stonier as its first chief data officer.
February 8
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The credit union has more than doubled its asset size since Staatz was appointed CEO in 2003.
February 8
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As owner of Whole Foods Market, Amazon is bringing one of its key strengths — swift product delivery — to its retail grocery store business.
February 8
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Walmart Inc., pushing to challenge Amazon.com Inc. in e-commerce, has added more technology savvy to its board.
February 8
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The legislation, a similar version of which passed in the last Congress, would give favorable regulatory treatment to certain loans even if real estate-related fees were paid to an affiliate of the lender.
February 8
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Marquette Bank is proof that community banks don't have to be the fastest or flashiest to compete with online lenders. Instead, the Chicago bank closely mirrored fintech offerings while promoting personal service to set itself apart.
February 8
