How much leeway should the FDIC have in winding down a systemically important institution?
None. All unsecured creditors should be treated the same as in bankruptcy, or too big too fail is here to stay. 57%
A lot. It needs to be able to treat creditors differently to maximize the value of the company. 24%
A little. While creditors should mostly be treated the same, some leeway is necessary. 19%
Acceptance of mobile payments is lagging. What type of payment service is likely to catch on first?
Contactless payments at the point of sale 40%
Something we've never thought of 18%
Person-to-person transfers 24%
It'll be years before consumers warm up to any mobile payments 18%
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Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to servicemembers who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
1h ago -
After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
5h ago -
A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
July 1 -
The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
July 1 -
In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
July 1 - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
July 1