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The FDIC board voted unanimously to issue a proposal putting a rebuttable ban on bank-issuers paying yield on stablecoins, another narrowing AML requirements and a third prohibiting examiners using reputational risk in exams, outside of operational or financial risks.
April 7
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The neobank is rolling out Chime Prime, a new membership service that rewards customers for making Chime their primary bank account.
April 7
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The Minneapolis-based company plans to leverage the arrangement to draw more attention to its growing list of national business lines, transcending its regional reputation.
April 7
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Swiss banking giant UBS tried to get a federal court to reject new allegations that Credit Suisse, which UBS acquired in 2023, had concealed Nazi-linked assets.
April 7
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Jamie Dimon said the revised Basel III plan still overstates risk and penalizes the largest banks.
April 7
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The one-click checkout fintech, which launched its own "super app" last year, reduced its current workforce by about 30% last week.
April 7
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Financial institution members of The Knoble will be using AI to monitor transactions around the soccer games for signs of trafficking and share suspicious activity information with each other.
April 7
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Traditional banks ceded control of the fastest-growing segment of infrastructure finance — renewable energy — to private capital. The question now is whether they can reclaim some share of what's left over.
April 7
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Goldman Sachs comes under fire for its commitment to diversity, and Jamie Dimon sounds like he's running for something.
April 7
American Banker -
The investment bank is the target of a campaign by Color of Change, a racial-justice advocacy group that's accusing Goldman of retreating from its diversity commitments.
April 7
