Some banks are undercounting their uninsured deposits, FDIC says
Banks may be trying to pay less of a special assessment to recoup the losses to the deposit insurance fund after the regional bank crisis this spring.
Fed, Bank of England fine UBS for Credit Suisse misconduct involving Archegos
The U.S. division of the Swiss bank will have to pick up the tab for its one-time rival, which it acquired in a government-brokered deal earlier this year.
15 banks, credit unions confirm MoveIt data breaches
One security researcher said the total number of consumers who had data stolen in MoveIt breaches exceeds 20 million, and more are expected to be reported.
Citi acquires Deutsche Bank’s Mexico license in step toward IPO
The license allows New York-based Citigroup to separate the institutional and private bank businesses from its consumer, small-business and middle-market operations in Mexico.
Jamie Dimon is boss bankers crave, investor survey shows
Nearly three out of five respondents to a Bloomberg survey said they would most like to work for the CEO of JPMorgan Chase. That was enough to make Dimon the most popular choice out of a list of the leaders of six big banks.
The 10 top-performing banks with over $50B of assets
American Banker’s annual list reviews the financial results for the best-performing large institutions.
Regional banks need to adjust to a new financial services ecosystem
The era of banks being customers’ sole source of financial services is long gone, and regional banks need to accelerate their adjustment to that fact.
Visa invests in borderless money-movement network
The card brand participated in a $12 million funding round in Thunes, expanding both an existing collaboration and a larger initiative to support mobile money networks.
Regions Financial says possible capital hike would be manageable
The regional bank told analysts that it has studied how much debt it would need to raise based on an effective post-reform capital floor of 6% of risk-weighted assets, and has determined that that increase in capital would be manageable.
Myanmar’s exiled government supports crypto-based neobank
Spring Development Bank aims to use blockchain technology to support funding for the exiled democratic leaders and provide financial services to the civil war-torn population.