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India-based Dena Bank reportedly plans to issue a cobranded credit card with State Bank of India in November. Because of an Indian holiday, bank officials were not available for immediate comment about the press reports. Dena Bank also plans to deploy more than 100 ATMs in India over the next year. The bank has an ATM-network deal with SBI and Corporation Bank. Dena Bank has issued at least 600,000 debit cards.
The bank technology seller closed the sale of its payment processor to Global Payments, which sold its card issuing unit to FIS. Helping banks get a handle on artificial intelligence is a big part of FIS's plan to reach banks.
President Donald Trump's recently filed lawsuit against megabank JPMorganChase and its CEO Jamie Dimon is not expected to succeed in court, legal experts say.
TD Bank has said it's completed "the majority" of the action items for its U.S. compliance remediation.
The U.K. conducted simulated cybersecurity attacks on its banks' live systems and found they lack basic patching and identity controls.
Comptroller of the Currency Jonathan Gould said in a letter to Sen. Elizabeth Warren, D-Mass., that the OCC "intends to act consistent with this duty rather than your demand."
Trump, during his return from Davos, signaled reluctance to allow 401(k) withdrawals for home down payments, but other tax-advantaged options remain on table.
