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Unity Bancorp must improve its policies and procedures and increase staff training on following Bank Secrecy Act and anti-money-laundering laws.
July 14 -
Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers.
July 14 -
The Boulder-based institution can now serve consumers across 16 different counties, or more than 88% of the state's population.
July 14 -
Net charge-offs fell at Citigroup and Wells Fargo, thanks to forbearance and federal stimulus. Leaders of those banks are warning that delinquencies could rise once the benefits of those programs wear off.
July 14 -
Megabanks like JPMorgan Chase boosted loan-loss provisions to record levels in the second quarter in preparation for what could be a wave of loan defaults.
July 14 -
Called the Dash Cart, Amazon’s new device uses a mix of cameras and sensors to identify items placed inside it — harnessing the power of its Amazon Go convenience stores in something much more portable.
July 14 -
Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities.
July 14 -
JPMorgan Chase is one financial institution that plans to test Google Cloud’s new Confidential Computing product.
July 14 -
Switching core banking systems has long been done face to face, but the pandemic has driven the process into the digital arena. The change could be permanent.
July 14 -
The event is the last major credit union conference for the year to be moved to a virtual format due to the coronavirus.
July 14