How fraudsters exploit natural disasters
Deadly flash flooding in Texas serves as a reminder of the tactics scammers and fraudsters use against both victims and charitable onlookers.
The securities that banks are backing away from
This could be the second year in a row that the market for U.S. bank preferred shares has shrunk, something that hasn’t happened since the lenders were replacing obsolete capital after the global financial crisis.
OCC authorizes bank closures in Texas floods
Following deadly flash floods in Texas, the Office of the Comptroller of the Currency allowed national banks to close branches for safety.
Card, cash or mobile app? People judge your status by how you pay
Research from Cornell University suggests that people assign different levels of social status to others depending on how they choose to pay for goods and services.
Bankers take heart as small businesses show resilience
A pair of surveys released in June indicates that small-business owners have growing confidence, while startup activity and SBA lending are demonstrating continued strength.
Nations chase US trade deals as Bessent hints at extension
Treasury Secretary Scott Bessent indicated that some countries lacking an agreement by the deadline Wednesday will have the option of a three-week extension to negotiate.
Conflict in the Middle East creates a compliance minefield for banks
The ongoing turmoil in the Middle East has highlighted the complexities of successful anti-money-laundering compliance in a conflict zone. U.S. banks need to step up their game in order to stay safe.
The tech trends driving a boom in embedded payments
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
Capital One confirms Discover home equity shutdown
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
CoastalSouth’s IPO prices at lower than expected range
Atlanta-based CoastalSouth’s initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week’s banking news roundup.