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A recent joint analysis of large syndicated loans urged banks to improve their risk management, even though evidence suggests that nonbanks, not banks, hold the higher share of risky leveraged loans.
February 8
Bank Policy Institute -
The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.
February 8
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Maureen Genna will take over from retiring CEO Linda Levy, who gained notoriety when she sued the Trump administration.
February 8
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Michael Athens was the Albuquerque, N.M.-based institution's vice president of operations before serving as interim president and CEO.
February 8
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The company’s investment in a small business lender is said to be the biggest ever in Europe; the merger may raise questions from regulators, spur more mergers.
February 8
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BB&T is buying SunTrust Banks, creating a $442 billion-asset institution. Credit unions are hopeful the mega merger will present an opening to pick up new business.
February 8
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The information you need to start your day, from PaymentsSource and around the Web. Today: Bidding war for Earthport; Movie ticket payment technology expands; Advertising executive launches new retail concept; Barclays invests in Bink; Alipay expands in Canada.
February 8
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Having new guidelines and more regulations will allow for more transparency and give the opportunity for legitimate businesses to invest and strengthen their position in the market, writes Sushil Prabhu, CEO of OpenCrowd.
February 8
OpenCrowd -
Technology investors are bulldozing cash into blockchain and artificial intelligence, but the “why” is just starting to emerge, as is the true nature of the innovation.
February 8
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Readers respond to the Consumer Financial Protection Bureau's overhaul of its payday loans rule, debate reforms to Fannie Mae and Freddie Mac, consider regulatory exemptions for regional banks and more.
February 7
