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The BNPL industry is growing at a fast clip. Australia-based Zip's new CEO for U.S. operations is looking to carve out a place in what is becoming a crowded industry with expanded merchant partnerships and a Pay-in-8 product.
September 18 -
Reading the tea leaves this election for bank policy is more difficult than years past, experts say, but there are still hints about where former President Donald Trump and Vice President Kamala Harris stand.
September 18 -
Nellie Liang urges regulators to consider adjusting leverage rules to boost liquidity during stress periods, including leaving central bank reserves out of supplemental leverage ratio calculations.
September 17 -
As the commercial real estate industry sputters along, lenders, investors and analysts are putting less stock in loan-to-value ratios, a longtime bellwether of risk.
September 17 -
CEO Colin Walsh believes his company is positioned to benefit from consumers that prize the convenience of technology opting for the safety of a "real bank."
September 17 -
Rep. Patrick McHenry, R-N.C., chairman of the House Financial Services Committee, and Sen. Cynthia Lummis, R-Wyo., seek to pass legislation to regulate cryptocurrency before the end of this Congress.
September 17 -
The Consumer Financial Protection Bureau issued guidance reminding banks that they must be able to prove that consumers have opted in to overdraft services in order to charge overdraft fees.
September 17 -
Donald Felix, who has previously worked at JPMorgan Chase and Citi, will become Carver's president and CEO on Nov. 1. He succeeds interim CEO Craig MacKay, who's been running the unprofitable bank for the past year.
September 17 -
The company, which counts JPMorgan Chase and TD Bank Group among its customers, has also appointed a new executive chairman.
September 17 -
The Federal Deposit Insurance Corp.'s proposed rule aims to improve record keeping for custodial accounts, while the merger policy would increase regulatory scrutiny for combinations involving the largest banks.
September 17 -
Vice President and Democratic presidential nominee Kamala Harris' pitch for an "opportunity economy" is a sound political and economic vision. But banks must be a partner in making that vision into a reality.
September 17
American Banker -
The comments came during a two-hour chat on X Spaces in which Trump and his sons offered a decentralized finance company as an answer for the de-banked.
September 17 -
Bonds and stocks are rallying ahead of a critical Fed meeting. But this time, the central question for Chair Jerome Powell is which approach — reducing rates by 25 basis points or 50 basis points.
September 17 -
The New York community bank cited the contribution of BaaS to its core financial results, evolving regulatory expectations, and the cost of talent and technology needed to scale as factors in this decision.
September 17 -
Jim Rourke and Michael Liu will serve as co-heads of private client partnership development, linking Bank of America's investment bank, Merrill and the firm's private bank.
September 17 -
The convergence of technology like blockchain with the continued evolution of rules and industry standards in traditional finance will shape the next era of market progress.
September 17
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As the 68-year-old CEO focuses on succession planning, here's a look at some of the longtime JPMorgan executives who could succeed him.
September 17 -
Sen. Elizabeth Warren, D-Mass., and Rep. Maxine Waters, D-Calif., said in a letter to the American Bankers Association and the Chamber of Commerce that the banking industry gets a "free pass" in Community Reinvestment Act examinations.
September 16 -
Tim Ryan, who joined the megabank in June, will work with COO Anand Selva to oversee enhancements to Citigroup's data integrity systems, according to a memo.
September 16 -
St. Mary's Bank in New Hampshire tries to serve members as it has for 116 years, while dealing with today's cybersecurity and fraud concerns.
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