The June 11 Washington People column mistakenly reported gifts to the Republican Party as donations to a Presidential Gala dinner. Don Powell, the Texas banker President Bush has nominated to be Federal Deposit Insurance Corp. chairman, and John Chalsty, former chairman of Credit Suisse First Boston and now a senior adviser to it, each agreed to raise $100,000 as deputy chairmen of the dinner. Citigroup lobbyist Roger Levy agreed to raise $50,000. AFLAC agreed to donate $250,000 to be listed as a vice chairman, and Capital One raised $50,000.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3