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How banks and network providers combat real-time payment fraud; online banks try new pricing strategies; the Most Powerful Women in Banking call for greater leadership diversity; and more from this week's most-read stories.
October 12 -
The largest U.S. bank's strong third quarter did not insulate its leaders from being pressed about the downside of pricey investments in technology, whether capital rules make commercial lending growth hard for big banks to achieve, and whether another economic downturn is edging closer.
October 12 -
A $245 million funding round for the payments processor Stripe contributed to heavy venture capital investment in the third quarter.
October 12 -
Visa showcased payment technologies it’s developing for future Olympic games, including in-home “couch commerce” leveraging augmented reality.
October 12 -
The payments industry stood out as an active market for mergers and acquisitions during the first three quarters of 2018 with a 33 percent increase in transactions over the same period last year.
October 12 -
American Express is launching Early Pay, a digital financing service that allows large U.S. companies and their suppliers to benefit from discounted bill payments.
October 12 -
The banking agencies should expand the use of regulatory sandboxes to keep pace with international counterparts.
October 12
Nutter McClennen & Fish -
The Pittsburgh bank reported a double-digit increase in 3Q profits on a mix of higher loan yields in its retail and corporate banking units, higher corporate service fees and several other factors.
October 12 -
Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump.
October 12 -
The interest-rate moves stoking President Donald Trump’s ire are also fueling Citigroup Inc.’s profits.
October 12 -
JPMorgan and Citibank post better-than-expected results; Adding workers and promoting its charitable efforts, the bank hopes to win favor.
October 12 -
The biggest U.S. bank leaned on old-fashioned lending in the third quarter to weather a slump in fixed-income trading.
October 12 -
Readers react to an argument about reining in banker pay, weigh the push for raising the minimum wage, respond to Wells Fargo getting back into the private-label securities market and more.
October 11 -
The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.
October 11 -
The Senate Banking Committee's latest hearing offers some clues.
October 11
American Banker -
The uproar over the incendiary writings of a Consumer Financial Protection Bureau official have led to calls for his removal, but the agency’s interim chief says he won’t “let any outside group dictate who works here.”
October 11 -
The groups argue the proposal, which would provide certain legal safe harbors to participating companies, exceeds the CFPB’s statutory authority and would put consumers at greater risk.
October 11 -
PayPal and Walmart are offering a cash-in and cash-out service from PayPal accounts within Walmart stores. It's the first time Walmart, one of the founders the defunct Merchant Customer Exchange, will accept a third-party mobile wallet.
October 11 -
With its CEO planning retirement, tiny Coast-Tel Federal Credit Union is seeking approval to merge into Bay FCU.
October 11 -
President Trump said he won't fire Federal Reserve Chairman Jerome Powell but blamed an "out of control" U.S. central bank for the worst stock market sell-off since February.
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