PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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Toronto-Dominion's Common Equity Tier 1 capital ratio was 15.5% as of Jan. 31, far in excess of the amount Canadian banks typically hold.
May 5
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The Federal Deposit Insurance Corp. is poised to exempt smaller lenders from kicking in extra money to replenish the government's bedrock Deposit Insurance Fund, and instead saddle the biggest banks with much of the bill.
May 4
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The FDIC's recent proposal to provide business accounts targeted deposit insurance coverage up to ten times the current rate is gaining traction among industry experts. But a great deal rests on the details, and any reform will probably have to wait until after 2024.
May 4
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The Cleveland-based bank says it will submit to a racial equity audit conducted by an outside law firm, as Citigroup and Wells Fargo have previously done. The bank's decision follows a request that regulators investigate Key's mortgage lending practices for alleged redlining.
May 4
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Industry leaders had predicted that JPMorgan Chase's regulator-assisted purchase of First Republic would bolster investors' faith in the sector. But the stock prices of certain regional banks have continued to fall, prompting concerns that selloffs could lead to deposit outflows.
May 4
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Emergency borrowing from the Federal Reserve plunged last week, partly reflecting the seizure of First Republic Bank, which accounted for a large share of outstanding loans.
May 4
