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Deals from Amex in the ride-delivery space and AI developments at Mastercard are just some of the latest fintech moves that have the industry on notice.
May 17 -
A hearing on the pending BMO-Bank of the West merger will be held in July, and another on TD's proposed acquisition of First Horizon is set for August. The announcements indicate that regulators have decided to hold such hearings more often.
May 17 -
Sen. Cynthia Lummis, R-Wyo., says she and Sen. Gillibrand, D-N.Y., plan to release draft legislation next week that would establish a supervisory entity for emerging financial technologies and new rules for stablecoin issuers.
May 17 -
Ryan, the chief executive of the Conference of State Bank Supervisors since 2011, died unexpectedly Monday night at his home in Washington. He played a critical role in representing states’ interests in some of the most important banking policy debates of recent decades.
May 17 -
Q2 Holdings, a banking-software provider, is weighing options including a sale after receiving takeover interest, according to people familiar with the matter.
May 17 -
Only about 31% of the bank’s shareholders voted Tuesday in favor of a nonbinding “say on pay” resolution. The harsh verdict followed a one-time award of $52.6 million in stock options to keep Chairman and CEO Jamie Dimon on the job for five more years.
May 17 -
The Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau are taking steps to crack down on cryptocurrency and other fintech companies that improperly suggest their products have deposit insurance.
May 17 -
The Federal Reserve will begin shedding as much as $47.5 billion of assets monthly starting June 1 to tamp down on inflation. But doing so could undermine the banking industry’s preferred source of liquidity.
May 17 -
Mastercard has begun to trial a biometric payment system for brick-and-mortar stores, using facial recognition rather than contactless cards, smartphones or memorable PINs.
May 17 -
The New York City bank bets that claiming space in virtual reality now will pay off down the line.
May 17 -
Consumers are still the driving force of payments innovation — even in business use cases, according to honorees from this year’s Most Influential Women in Payments who spoke at American Banker’s Payments Forum.
May 17 -
The bank and insurance company continues to battle its rivals over their use of technology USAA claims it invented.
May 17 -
Mark Calabria, who oversaw the two government giants under Trump and was fired by the Biden administration, said in a recent interview that the government-sponsored enterprises are once again at risk of insolvency.
May 17 -
RBB Bancorp says it's investigating complaints by its former vice chairman, who stepped down along with another director, about potential conflicts of interest involving other members of the board.
May 17 -
NatWest Group is considering launching a separate digital lender for small businesses in the U.K. to find a new avenue of growth for the bank.
May 17 -
Warren Buffett's Berkshire Hathaway, which cut many bank holdings as the pandemic bore down on the U.S., is back with a roughly $2.9 billion bet on Jane Fraser’s Citigroup even as it said goodbye to a longtime stake in Wells Fargo.
May 17 -
A 2019 state law limits annual interest rates on many loans to 36%, but some high-cost lenders have found a way to continue operating in California by partnering with banks. Now Democratic legislators want the Federal Deposit Insurance Corp. to take action.
May 16 -
M&T Bank in Buffalo, New York, said it would increase security at certain branches as its top executive and other firms condemned Saturday’s racist attack in the city.
May 16 -
Online-only banks that place a premium on personalized customer service receive higher satisfaction ratings, according to a new survey by J.D. Power.
May 16 -
Year to date Dec. 31, 2021. Dollars in thousands.
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