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CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.
July 17 -
The bank regulators extended a moratorium for the proprietary trading ban for certain affiliates of foreign banks by an additional two years.
July 17 -
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The purchase of Ben Franklin Bank is the latest deal in a year that has seen a record number of CUs buying out the competition.
July 17 -
Artificial intelligence software could even be used to analyze and score credit transactions as is done for banking transactions, writes Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.
July 17
Chargebacks911 -
The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.
July 17 -
Visa Inc. has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia.
July 17 -
The Texas bank said it was setting aside higher provisions for credit losses as private investments are drying up in a volatile oil and gas market.
July 17 -
The institution was formerly known as SF Police CU but can now serve law enforcement officers statewide.
July 17 -
The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.
July 17 -
America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them.
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The bench upheld a lower court's ruling that the plaintiff did not suffer an "injury-in-fact." Several judges previously made similar rulings.
July 17 -
Banks can fine-tune their apps so the customer doesn't give up halfway through a cumbersome sign-up process.
July 17
ABBYY -
Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter.
July 17 -
Low rates spur more retail lending at big U.S. banks as trading revenue drops; the company’s plan to create its own digital currency runs into more opposition.
July 17 -
The information you need to start your day, from PaymentsSource and around the Web. Today: U.K. fintech investment plows ahead; Patreon draws more funds; Tether erases crypto; Is AI too hard to understand?
July 17 -
Credit unions are slowly embracing the impact data analytics can have on the bottom line, but experts say goal-setting and measurable achievements must also be a part of the process.
July 17 -
In immediate, unrestricted availability of funds, the only true providers are those networks operated by banks or other financial institutions, writes Jack Baldwin, CEO of Baldwin Hackett & Meeks.
July 17
BHMI -
While senders prefer mobile devices, recipients remain stubbornly attached to receiving cash.
July 17 -
A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.
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