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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The bank is accusing its fintech rival of racketeering for raiding its offices across nine states and stealing an untold amount of confidential information.
September 12 -
Mirroring the efforts of a number of larger institutions, Portland-based Northeast Bank plans to open a de novo branch in Bangor and renovate its seven existing branches.
September 11 -
The Brazilian digital bank is bringing its services to U.S. consumers through a partnership with Lead Bank as it awaits its own final charter approval.
September 11 -
Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
September 11 -
Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.
September 11 -
The digital asset and card-issuing firms are supplying the guts to enable transactions for cards and digital wallets, betting that Mastercard's ties to both firms will be attractive to banks, consumers and merchants.
September 11










