Republicans double-down on request to Fed for Basel III economic analysis
Rep. Andy Barr, R-Ky., chairman of the House Financial Services Subcommittee on Financial Institutions and Monetary Policy, continued to say that the Basel III rulemaking might have violated the Administrative Procedures Act
FCA finds in favor of banks, cash payments rise in UK
U.K. regulators rule on complaints about bias from politicians, more U.K. transactions are made with cash, and more in our weekly financial news roundup.
Meta plans to expand its WhatsApp payment service to India
The move, which follows the launch of the service in Brazil and Singapore, taps a market with more than 400 million WhatsApp users.
Klarna’s plans for ChatGPT’s corporate iteration
The payment company is using a new OpenAI tool to expand its shopping and customer service technology.
Banks, credit unions get dementia training to fight financial abuse
More elderly consumers are being diagnosed with Alzheimer’s and dementia — making them vulnerable to scammers. Financial institutions are seeking special certifications to better equip themselves to help.
UN development finance talks should include access to banking services
As the United Nations General Assembly convenes in New York to discuss global development, delegates must not overlook the importance of financial services for small businesses in emerging economies.
‘Economically invisible’: A banker’s push for better data on Native Americans
Dawson Her Many Horses, a commercial banker at Wells Fargo, is a pivotal player in an effort among tribal leaders, the federal government and the private sector to improve the availability of economic data about Native American communities to encourage outside investment there.
Citizens pledges to work with commercial clients on climate plans
The $223 billion-asset bank said it will train its commercial bankers to work with clients to develop decarbonization transition plans. It also committed to reaching carbon neutrality within 12 years.
A small Colorado bank’s plan to fend off big SBA lenders
Denver-based InBank will expand into Georgia and Arizona, part of a wider plan to seize market share and build what one executive called a top-tier SBA lender.
Eastern in Boston strikes $528M deal to buy Cambridge Bancorp
The combination would create a company with $27 billion of total assets, $18 billion of loans and $22.6 billion of deposits.