banking news articles
- Banking
Barclays to pay $2 million fine over stock trade-routing lapses
Barclays will pay a $2 million fine to resolve allegations that it sent client orders to its own trading venue…
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Most Powerful Women in Banking: No. 21, Jennifer Smith, Zions Bancorp.
On July 15th, Zions Bancorp. cut the ribbon on a 400,000-square-feet technology center in Midvale, Utah. The center lets the…
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Most Powerful Women in Banking: No. 20, Beth Johnson, Citizens Financial Group
When Citizens Financial Group wanted to streamline its home equity line of credit, the bank turned to its expert in…
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Most Powerful Women in Banking: No. 10, Cathy Bessant, Bank of America
After 40 years on the job, Catherine “Cathy” Pombier Bessant is well ensconced among the sparse but growing ranks of…
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Most Powerful Women in Banking: No. 25, Deborah Guild, PNC Bank
As a technology executive for PNC Bank, Deborah Guild has long been helping women blaze career pathways in the business…
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Most Powerful Women in Banking: No. 17, Ranjana Clark, MUFG
Alain McLaughlin Photography Inc/415 517 6033 [email protected] Ranjana Clark has long been committed to working seamlessly across borders. The COVID-19…
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Most Powerful Women in Finance: No. 22, Kara McShane, Wells Fargo
Kara McShane took over as head of the commercial real estate team at Wells Fargo at an inauspicious time: February…
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Most Powerful Women in Banking: No. 12, Stephanie Cohen, Goldman Sachs
Stephanie Cohen has been at Goldman Sachs for more than 23 years. She started as an analyst in 1999, and…
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Most Powerful Women in Banking: No. 13, Kate Danella, Regions Bank
The Regions Bank website has many of the financial education features consumers have come to expect from banks: information about…
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Fed, FDIC plan for living wills sparks debate about best approach
New guidelines are coming for how large regional banks should prepare themselves for bankruptcies, but some policy experts are already…
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Missouri banker leads slate of new ABA officers, directors
The American Bankers Association elected its board and officers for the coming year at the trade group’s annual convention Tuesday.…
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Will inflation drive more community banks into cost-cutting mode?
With the threat of recession lurking and loan demand slowing, a new theme could emerge during community bank earnings season…
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Fossil fuel financing poses growing risks to biggest banks
The steady flow of financing to fossil fuel companies is posing increasing risks for banks around the world. In a…
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Centric Federal Credit Union in Louisiana promotes president to CEO
Centric Federal Credit Union in West Monroe, Louisiana, has named Rodney Parker as its new CEO. Parker was already president…
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Some large banks said to reimburse less than 50% of consumer fraud claims on Zelle
Large banks that own the payment platform Zelle on average are reimbursing less than 50% of fraud claims reported by…
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Why banks should give point-of-sale technicians a second look
A Brazilian fraud group that targets U.S. financial institutions but went inactive last year has returned with new malware infecting…
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U.S. Bank launches cash-flow forecasting for small businesses
U.S. Bank has launched a cash-flow forecasting tool for smaller commercial clients, the latest step in the Minneapolis bank’s push…
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Banks could be doing much more to serve Black Americans
Black Americans have historically had a challenging relationship with the financial services industry. From less access to financial institutions in…
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How banks can ward off competition for small-business clients
The traditional banking industry may need to improve its small-business product offerings to avoid losing customers to a new crop…
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Bank regulators embark on living will guidance for the largest non-GSIBs
WASHINGTON — Two major banking regulators say they “anticipate” giving the largest regional banks guidance on resolution plans. The move…
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Venture debt, events, APIs: Small-business neobanks get creative
Neobanks once stood out for serving small-business owners with digital tools they couldn’t find at most traditional banks. But the…
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Michigan bank close to putting mortgage lending disaster behind it
It’s not often a $6 million penalty is the light at the end of the tunnel. But for Sterling Bancorp…
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Fed’s Brainard: global rate hikes could threaten financial stability
As central banks around the world work to combat rampant inflation, the tightening of monetary policy could become a threat…
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Bank Five Nine in Milwaukee suburb names next CEO
Bank Five Nine in Oconomowoc, Wisconsin, a Milwaukee suburb, has hired a new president and CEO. The $1.5 billion-asset bank…
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GOP-led states sue over Biden’s student loan forgiveness plan
The Biden administration was accused in a lawsuit by six Republican-led states of overstepping its authority with a plan to…
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Bank regulators to provide supervisory relief in wake of hurricanes
State and federal regulators are encouraging banks to work with borrowers hit hardest by Hurricanes Fiona and Ian this month.…
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Fed taps six big banks for climate stress-test pilot
Six global systemically important banks will participate in the Federal Reserve’s pilot climate scenario analysis exercise next year. The Fed…
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Shopify is upping its brick-and-mortar game
Shopify’s name is practically synonymous with digital commerce — which is why it’s well suited to follow tech-savvy consumers back…
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Overdraft fees again land Regions in hot water with CFPB
For the second time in seven years, Regions Bank is being penalized by the Consumer Financial Protection Bureau for charging…
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Fed proposes permanent extension of real estate debt leniency
The Federal Reserve wants lenders to remain patient with commercial real estate borrowers that struggle to service their debts. In…
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Fed reverse repo use hits fresh record as investors hide in cash
The amount of money that investors are parking at a major Federal Reserve facility climbed to yet another all-time high…
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New York City comptroller presses U.S. Bank on fake accounts
WASHINGTON — New York City Comptroller Brad Lander said in a recent letter that he’s “gravely disturbed” by U.S. Bank’s…
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Stock Market Today: Market Trends And Best Stocks To Watch
With regular updates throughout each trading session, the Stock Market Today column alerts you to any changes in market trend.…
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Cultures of accountability create better teams
A bank CEO approached me after a recent presentation to share that one of the topics I touched on struck…
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Blockchain’s latest financial use case: Securitizing bank debt
Johannes Palsson, managing director and senior portfolio manager at Angel Oak Capital Advisors in Atlanta, likes to invest in boring…
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With rates soaring, Florida community bank bails on national mortgage lending
BayFirst Financial Corp. in St. Petersburg, Florida, said it planned to get out of the national mortgage business, citing rapidly…
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Senators lean into culture war in second day of CEO hearings
WASHINGTON — The currents of culture war hung heavily over a second day of large bank CEO hearings on Capitol…
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Credit Suisse weighs possible U.S. market exit, Reuters says
Credit Suisse Group is weighing an exit of the U.S. market as one option for its strategic revamp, Reuters reported. …
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Citizens continues shift to green energy by partnering with Danish firm
Citizens Financial Group is partnering with the Danish sustainable energy firm Ørsted in a deal that will fuel the bank’s…
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Harborstone Credit Union in Washington state names new CEO
Harborstone Credit Union in Lakewood, Washington, has hired Geoff Bullock as its next CEO. He will succeed Phil Jones, who…
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Are there too many banks?
How many banks should there be in the United States? It’s a question that merits consideration. Consolidation has gripped the…
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Mortgage volumes break 6-week slide with refi rally
Mortgage application volume, particularly for refinances, rose for the first time in over a month amid a volatile rate environment,…
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Calabria: FHFA is making housing less affordable by backing investors
As a greater share of single-family homes are being purchased as investments, a debate has emerged about what government-backed mortgage…
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QuickBooks updates payroll tech to aid small-business recovery
Small businesses are still dealing with the supply chain and payroll challenges that emerged during the pandemic, creating opportunities for…
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Conexus Credit Union in Saskatchewan names first female CEO
Conexus Credit Union in Regina, Saskatchewan, has named Celina Philpot as its first female chief executive. The CAD$6.8 billion-asset credit…
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Bankers’ outlook for M&A hits new low
Bankers are getting more pessimistic about the near-term outlook for mergers and acquisitions after a confluence of factors, including the…
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Fifth Third launches new warehouse business for mortgage lenders
Fifth Third Bancorp signage is displayed outside a automatic teller machine (ATM) location in Chicago, Illinois, U.S., on Thursday, July…
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A viewer’s guide to this week’s big bank congressional hearings
WASHINGTON — Viewers can expect a raucous pair of hearings this week as lawmakers across the political spectrum prepare to…
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Amex plans 1,500-person tech hiring spree, with most jobs in U.S.
American Express is on the hunt for software engineers, coders and developers, part of a 1,500-person hiring spree for its…
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New York regulator warns banks not to sacrifice equity in climate fight
The state of New York’s top bank regulator, Adrienne Harris, wants banks to ensure they don’t leave communities of color…
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