The Most Influential Women in Payments: Next, 2023
American Banker is proud to recognize, in its third annual Most Influential Women in Payments, Next, the women under 40 who have demonstrated expertise, leadership skills and an ability to adapt in an ever-changing payments industry.
Embattled PacWest to sell to Banc of California
Banc of California also announced a $400 million private equity capital raise as part of the transaction.
Old National Bank thanks employees for dedication in shooting’s aftermath
During the company’s second-quarter earnings call, CEO Jim Ryan acknowledged employees’ “resiliency and their commitment to supporting one another” after a gunman opened fire on a Louisville, Kentucky, branch in April.
Faster payments would be a policy win. It’s up to the Fed to seal the deal.
With the introduction of FedNow, the Federal Reserve is out of good reasons not to mandate that banks process payments by the fastest means available.
Black-owned neobank settles dispute with the private club it acquired
Greenwood Financial and The Gathering Spot, a network of private clubs for the Black community, say they have reached an agreement after six months of lawsuits.
Deposit ‘marketplace’ launches with backing from BMO
BMO Financial Group will enable payments, hold deposits and more for Grounded Technologies, a company that sources funding for banks from a diverse mix of asset managers.
The biggest credit union gets even larger
A hefty advertising budget combined with a worldwide pool of potential members has now pushed Navy FCU beyond the 13 million-member mark, substantially larger than its nearest competitors.
From friends to deal partners: Atlantic Union to buy American National
The $417 million agreement would give Richmond, Virginia-based Atlantic Union Bankshares “the critical mass” it needs in its home state and neighboring North Carolina, according to CEO John Asbury. He and his counterpart Jeff Haley at American National Bankshares in Danville, Virginia, describe each other as longtime pals.
PCAOB report shows continuing increase in audit deficiencies
A report by the Public Company Accounting Oversight Board raised concerns about declining audit quality across the accounting industry for a second consecutive year. The report found instances of firms using insufficient testing and inadequate support for audit conclusions.
Banks must face class action over Forex rigging, U.K. judge rules
JPMorgan Chase, Barclays, Citigroup and others will face a class-action suit over allegations of foreign exchange manipulation.