Tag: Featured

June 8, 2023

As banks face an expanding array of threats and challenges, boards recognize the need to adapt their thinking. As a result, boards are increasingly taking a new approach to operational resilience. The topic of operational resilience calls to mind internal […]

June 7, 2023

Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) on Wednesday revived their Credit Card Competition Act proposal aimed at spurring more competition in the credit card industry, but this time Republicans planned to take center stage at a Washington press […]

June 6, 2023

The start-up, which was founded in 2021 and launched nationwide last month, has raised a total of $7.5 million from investors including Better Tomorrow Ventures, Expa, Ayokunle Omojola, and Gokul Rajaram. It offers banking services tailored for the over-62 community […]

June 5, 2023

Wells Fargo & Co. is pursuing private mediation to settle claims of widespread discrimination against Black homeowners by denying them lower interest rates through refinancing and forcing them to pay more for loans. Lawyers for the bank and borrowers said […]

June 5, 2023

Shares of US Bancorp (NYSE: USB) dropped last month, as the stock price fell 12.8% in May, according to S&P Global Market Intelligence. Looking at the broader markets, the S&P 500 index ticked up 0.3% in May, while the Dow […]

June 1, 2023

Common and current inefficiencies include relying on manual reports created in spreadsheets across multiple systems, using email or word processing to capture and document approvals and serve as a system of record and inconsistent procedures across business functions. A digital-first […]

May 31, 2023

The world of cryptocurrency trading is dynamic and fast-paced, requiring traders to constantly adapt and make split-second decisions. To meet the demands of this highly volatile market, many traders turn to automated solutions like crypto trading bot software. These sophisticated […]

May 30, 2023

There’s a proven correlation between early detection of emerging credit risk and reduced losses. Effective and efficient loan reviews can help your institution better understand the portfolio and identify potential risk exposures. Now is the time for banks to ensure […]

May 30, 2023

Goldman Sachs is considering another round of job cuts amid a muted dealmaking environment that has dented revenues across Wall Street. The investment bank is working on what would be its third round of job cuts in under a year, […]

May 29, 2023

The combination of higher interest rates and technology means that banks with robust mobile banking capabilities have also seen more deposit runoffs — even before the spring banking crisis — according to researchers from Columbia University, the University of Chicago […]

May 26, 2023

I have followed the company’s trajectory from the earliest Mac models, stood at the front of the queue to get the original iPhone, bought (cough) every one of the watches, bought some AirPods, and happily watch its TV and films. […]

May 24, 2023

The CEO made the statement about the company seeking a more varied Cash App user base in response to a question from a JPMorgan analyst about investor perceptions of Block being “over-indexed” to lower-income consumers. Supplementing the mobile app’s services […]

May 24, 2023

If you thought we were finally done with indemnification litigation focused on residential mortgages originated before the financial crisis of 2007-2008, think again. Over the past year, the Federal Deposit Insurance Corporation (FDIC) as receiver for Washington Mutual Bank has […]

May 24, 2023

A bipartisan bill proposed by federal lawmakers would provide farmers a discount on crop insurance premiums by planting cover crops. The Conversation Opportunity and Voluntary Environment Resilience (COVER) Act, proposed last week by Sen. Sherrod Brown, D-Ohio, and Reps. Sean […]

May 23, 2023

Citizens Bank will pay $9 million to settle Consumer Financial Protection Bureau allegations that the Providence, Rhode Island-based lender improperly managed customers’ credit card disputes and fraud claims, the agency said Tuesday. The penalty stems from a January 2020 lawsuit […]

May 18, 2023

Digitization has altered the business lending landscape and created competitive pressure that will continue to push solutions modernization — and consumers and businesses are ready. Digital efficiency here is key and underpins lending success. Most importantly, it improves consumer retention, […]

May 17, 2023

In the weeks following Silicon Valley Bank’s downfall, the 25 largest U.S. banks experienced a $120 billion increase in deposits, according to the Federal Reserve. Meanwhile, the nation’s midsize and community banks saw deposits fall by over $108 billion during […]

May 17, 2023

In a statement released on 12 May, Binance said it was “joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace”. “Unfortunately, new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market […]

May 15, 2023

Gold starts the week on the front foot after testing $2k support in the last couple of sessions. The precious metal continues to respect this level and with little in the way of high-impact economic data on the calendar this […]

May 15, 2023

The day Silicon Valley Bank failed on March 10, the bank paid out millions in bonuses to senior executives for its 2022 performance, according to the Federal Reserve’s April postmortem analysis and the bank’s proxy statement. Those bonuses were paid […]