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The storm could impact as many as 57,000 homes and cause more than $13 billion in damages, according to one estimate.
October 10 -
Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income.
October 10 -
The group is launching an "educational campaign" to praise the role played by House and Senate members in unwinding certain provisions of the Dodd-Frank.
October 10 -
At Tropical Smoothie, a new IT project will deploy new cloud-hosted point of sale terminals, handheld devices and kitchen display systems over the next few weeks across its 700-location footprint.
October 10 -
Big banks are expected to report that commercial lending weakened in the third quarter thanks to tax cuts, nonbank competition and seasonal factors. It raises questions about whether the second-quarter rally was an anomaly and if an overall economic slowdown is edging closer.
October 9 -
Fifth Third has allegedly informed Spike's Tactical that its accounts would not be renewed.
October 9 -
The late-filing credit unions will pay a total of about $4,100 to the U.S. Treasury.
October 9 -
Amazon has signaled an interest in the French grocery market, spurring Casino's development of a high-tech concept store in Paris.
October 9 -
The agency's 7(a) program had a small year-over-year decline, with bankers pointing to lender discipline and more borrowers qualifying for conventional loans.
October 9 -
HSBC will pay $765 million to settle allegations that it sold defective residential mortgage-backed securities in the run-up to the financial crisis, resolving one of the London-based bank's last significant legal challenges with the U.S. government.
October 9 -
Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.
October 9 -
Fintechs can get what they need from a traditional bank charter with the FDIC, as long as the agency is willing to play ball and step up its approach to innovation.
October 9
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Analysts are split on whether cyber threats have evolved enough for lawmakers to finally grant the National Credit Union Administration third-party vendor oversight.
October 9 -
Fannie Mae has appointed Hugh Frater, a member of its board of directors, to serve as its interim chief executive officer after Timothy Mayopoulos steps down next week, the company said in a statement on Monday.
October 9 -
Several other recent hires may have been an attempt to refute charges it can’t attract top talent; rising rates have helped banks, but a reckoning awaits.
October 9 -
The heavy workload is not limited to implementing the financial regulatory reform bill enacted last spring, as the agencies also work to craft reforms of the Community Reinvestment Act and adjust key capital measures for the biggest banks.
October 8 -
Mary Mack, Wells Fargo's head of consumer banking and American Banker's No. 1 Woman to Watch, acknowledged recent issues at the bank, but noted the progress it's made in fixing them.
October 5 -
Cathy Bessant, Bank of America's chief technology officer and American Banker's No. 1 Most Powerful Woman in Banking, offered thoughts on diversity and inspiration during the gala on Oct. 4, 2018.
October 5 -
BNY Mellon snags tech exec from Bank of America as CTO; dissent spreads at CFPB over top aide's writings; Anne Finucane ready to lead BofA's European operations; and more from this week's most-read stories.
October 5 -
JPMorgan Chase is eliminating 400 positions in its mortgage banking unit, the latest lender to trim staff as a result of lower-than-expected demand in 2018.
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