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Jeffrey Brown, who's been Ally Financial's top executive for nearly nine years, plans to leave the company by early next year. His exit comes as deteriorating credit quality and rising interest rates are biting into Ally's profits.
October 11 -
Corporate One Federal Credit Union is working with CU*Answers to simplify other credit unions' integration with The Clearing House's RTP network.
October 11 -
The Federal Reserve is expected to pause at its September meeting. Jeff Timlin, a managing partner at Sage Advisory, will join us on Sept. 21 to provide analysis of the meeting.
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The fintech Brex is among a growing market of companies using generative artificial intelligence to simplify how employee trips are managed.
October 11 -
The Securities and Exchange Commission has been ordered by a court to explain its reasons for rejecting an application for a crypto-based exchange-traded fund. It's about time.
October 11
Castle Funds -
Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.
October 10 -
In a letter to Federal Reserve Chair Jerome Powell, 10 members of the committee demanded answers about how supervisory information was made public.
October 10 -
Lenders at an American Bankers Association conference this week railed against proposed regulatory requirements they argue could drive up costs, curb credit availability and ultimately hurt borrowers in already fragile economic times.
October 10 -
Truist Bank has agreed to pay licensing fees to USAA for the use of mobile-check-deposit technology that USAA says it invented.
October 10 -
PYUSD has been slow out of the gate, but crypto firm BitPay and gaming company Xsolla are providing an early look at how the asset can be used.
October 10 -
Meaningful progress on DEI initiatives has a real effect on the workforce. We examine the dynamics that drive this conclusion and what it means for companies.
October 10 -
The addition of branded debit cards is bringing BNPL fintechs' products closer to traditional credit cards, both in terms of consumer perception and the fees the cards generate.
October 9 -
Rasmussen, a Minnesota native, started her professional career as a dental hygienist. After a series of twists and turns, she now runs Thrivent, a multibillion-dollar fraternal benefit society.
October 8 -
Finance firms are often more complex and more regulated than their peers, making the pool of candidates smaller and succession harder, while changes at the top can hurt stock prices.
October 7 -
If the industry keeps consolidating at its current rate, there will be roughly 500 banks in 20 years. That will likely mean the loss of competition and choice for customers in some markets.
October 6
Donnelly Penman & Partners -
Following the end of a long moratorium for federal student loan borrowers, monthly payments are expected to total $18 billion. Much of that money will come from checking and savings accounts, which will put more pressure on banks' deposit bases.
October 5 -
Employees are more likely to view diverse and inclusive environments as healthier places to work, according to new research presented at American Banker's Most Powerful Women in Banking conference.
October 5 -
In technology and other departments, women can lead with much-needed "softer" qualities, panelists at the Most Powerful Women in Banking conference said.
October 5 -
A laser focus on intended outcomes and crystal clear communication helps maintain progress, according to banking experts.
October 5 -
Chubb's Banks and the Digital Wallet Race: The Embedded Insurance Strategy looks to gauge how fintechs and banks view embedded insurance.
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