Nandita Bakhshi urges younger women in banking to be a new kind of boss
The former Bank of the West CEO told honorees at American Banker’s Most Powerful Women in Banking NEXT Awards ceremony to be confident in themselves, but also to have empathy for others as they strive for senior management positions.
From first-timers to banking experts: How three execs got their start
Leaders from Huntington, Regions and Bank of Montreal spoke at American Banker’s Most Powerful Women in Banking NEXT conference, sharing career advice rooted in their personal experiences.
Banks looking to innovate want help from AI: Survey
A recent survey of financial institutions found that for smaller banks and credit unions, customer experience is once again a top priority and among all banks, the interest in advanced AI is higher than ever.
Brown calls for regulators to look into alleged Wells Fargo labor violations
Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking Committee, said that alleged union abuses should impact how regulators view corporate governance and risk management.
Fed’s Bowman wants more research of regulatory thresholds, deposits
During a speech at a community banking research conference, the Federal Reserve Board governor emphasized the importance of an “evidence-based approach” to regulatory policy.
Barclays cuts 50 senior dealmakers as firmwide job cuts begin
The cuts are said to be part of a plan to trim headcount by about 300 people — or 3% of overall jobs — across the corporate and investment bank.
Watchdog calls on HUD to step up its game in manufactured housing
The Federal Housing Administration could increase the limits for loans it insures in this market, a congressional oversight agency said in a new report.
FDIC’s McKernan questions rationale behind Basel endgame standards
Federal Deposit Insurance Corp. Board member Jonahtan McKernan raised concerns Wednesday over his agency’s justification for imposing higher capital on banks, saying they could give nonbanks a more competitive edge in certain activities.
Reverse-mortgage lawsuit claims Ginnie Mae reneged on loan promises
Federal housing authorities persuaded Texas Capital Bancshares to help with the fallout from a bankrupt reverse-mortgage provider, then went back on their promises of financial support, the company says in a new lawsuit.
Ripple, Coinbase licensed in Singapore; Revolut under fire in the U.K.
Singapore’s regulators grant payment licenses to Ripple and Coinbase, Stripe expands pay-by-bank in Africa, U.K. regulators pressure Revolut and more.