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The company is focusing on the future of online retail banking. Next on its agenda: real people in its wealth management division.
May 6
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The Federal Open Market Committee started its hiking cycle in March and everyone expects another increase when it meets May 3-4. Speculation is the FOMC will lift rates a half-point at that meeting. Steve Skancke, chief economic adviser at Keel Point and former White House and Treasury Department staff member, will discuss the FOMC decision and the panel’s next steps in fighting inflation.
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Launch Credit Union claims it reduced fraud by 97% after adopting a real-time solution in 2020.
May 6
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Multiple factors have slowed residential sales, tightening the market for home loans for banks and credit unions.
May 5
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Angela Garcia, who was accused of embezzling $69,000 from the Georgia bank, has been banned from the banking industry.
May 5
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The San Francisco bank is following the lead of other U.S. megabanks by providing shorter-term targets ahead of 2050 climate pledges.
May 5
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Over the past year, BofA has launched or enhanced a slew of technology-based features for business clients of all sizes, from a “start a business” microsite to cash-flow forecasting.
May 5
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Financial losses stemming from sanctions and the threat of cyberattacks are just some of the major concerns from across the industry.
May 5
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Lenders argue that they're taking steps to eliminate or rein in the consumer fees, but several Democratic senators say reform legislation could be a necessary step in the near future.
May 4
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The Minneapolis company, which previously said it expected the $8 billion acquisition to close in the first half of 2022, has become less firm about that projection.
May 4
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Although the number of scam attempts is falling, especially in financial services, costs are up, data shows.
May 4
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The New York credit union is using robotic process automation tech from Blue Prism to handle time-consuming tasks related to data entry, collections and other needs. This frees up its employees to focus on the organization's expansion.
May 4
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The chances of an economic slowdown are rising as the Federal Reserve is poised to take further steps to tame inflation, say the heads of JPMorgan Chase, Bank of America and Morgan Stanley.
May 4
