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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Earlier in the day, Fed Gov. Stephen Miran chastised the Fed for wading into politics under the Biden administration, as he currently takes unpaid leave from President Donald Trump's top advisory council.
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CEO Chris Gorman applauded what he sees as a transformation of bank regulation since President Trump took office. He described a shift from layers of exams and documentation to a streamlined focus on liquidity, capital and earnings.
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Zions Bancorp. is among the latest banks to report material losses due to alleged borrower fraud. Stocks of regional lenders plunged on Thursday.
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Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.
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The Buffalo-based bank said Thursday that the paring of its CRE loan book, which has nearly halved in volume over the last three years, may be near its inflection point.
9h ago -
The BNPL lender is launching a three-day shopping event that pushes 0% financing offers to draw more consumers into the app and increase sales volumes for merchants ahead of the holiday season.
9h ago