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"We're not used to seeing growth in our check business," said Deluxe's Tracey Engelhardt, who reports a 6% to 7% increase in revenue for check orders from businesses and consumers in each of the last three quarters, driven by various factors originating from the pandemic.
October 17 -
Local Government Federal Credit Union in Raleigh, North Carolina, has relied on State Employees' Credit Union's guidance — and branch network — since the smaller institution's inception in 1983. But that relationship was never supposed to be permanent.
October 17 -
Goldman Sachs Group's David Solomon is embarking on his third major reorganization in just four years as chief executive, undoing some of the signature moves he made as recently as 2020.
October 17 -
The industry needs a leader to be the face of a lawsuit challenging the proposal. The author nominates JPMorgan Chase's Jamie Dimon.
October 17
K.H. Thomas Associates -
Bank of America reported its highest quarterly net interest income in at least a decade thanks largely to the Federal Reserve's interest rate hikes. Meanwhile, debt traders beat analysts' estimates.
October 17 -
Its investment banking and corporate lending revenues dipped during the third quarter, while treasury services and branded cards were bright spots. That formula will be tested by "rolling, country-level recessions" across the globe, CEO Jane Fraser predicts.
October 14 -
The San Francisco bank reported a near-record volume of loan originations, as well as stellar credit quality, in the third quarter. But investors sold off shares after the company's net interest margin fell.
October 14 -
Third-quarter results at the Minneapolis bank were powered by loan growth and rising interest rates, partially offset by lower noninterest income. Shortly after the company released its earnings report, it received regulatory approval for its acquisition of MUFG Union Bank.
October 14 -
The Pittsburgh company's finance chief expects more gains in interest income, though he conceded rising deposit costs could curb the pace of advances.
October 14 -
Federal Reserve Bank of Atlanta President Raphael Bostic said his asset managers made trades that broke central bank rules, leading Chair Jerome Powell to open a probe in the latest chapter of an broader Fed ethics scandal.
October 14 -
The regulators laid out several measures that would change how large but not global systemically important banks capitalize and structure themselves.
October 14 -
The San Francisco bank tallied $2.2 billion in net operating losses, higher than in any quarter since late 2017. The charges offset what otherwise would have been a strong third-quarter performance.
October 14 -
New operating chief, and new operation, for TD Bank and more in banking news this week.
October 14 -
Federal Reserve Gov. Christopher Waller deconstructed fellow board members' arguments that a central bank digital currency would further the dollar's status as the global reserve currency.
October 14 -
One of the original green challenger banks has elevated its chief sustainability officer into the role.
October 14 -
The nation's largest bank by assets cited a weakening economic outlook as one reason it added to its allowance for loan losses for the third straight quarter. But its third-quarter results beat analysts' expectations.
October 14 -
Campaign rhetoric and industry political spending shows that private equity and investment firms have taken banks' place in the hot seat.
October 14 -
No, it's not about fingerprints this time. Banks are testing biometric technology to help spot unusual behavior that suggests the user of a P2P app like Zelle is being tricked into sending money to a scammer.
October 14 -
A preemptive move to establish an SRO could create necessary safeguards while holding off burdensome intrusion from the federal government.
October 14
Allon Advocacy -
For some bankers, net zero is like a new year's resolution — a pledge one makes and often breaks before a year has passed.
October 14


























