Santander US unveils three-year community benefits plan
The bank’s $4.6 billion commitment is smaller in size and shorter in duration than a previous plan. It also pledged $9 billion to sustainable finance initiatives over the next three years.
CFPB says consumers in the South face banking deserts, higher rates
The Consumer Financial Protection Bureau issued two reports analyzing banking and consumer credit trends in the South, where many rural areas are considered “banking deserts.”
Goldman says IPO bust looks like it’s ready to boom once again
The environment for initial public offerings in the U.S. has surged since last September, and it’s set to keep rising.
Embold Credit Union CEO: Tougher times are looming
At the Milwaukie, Oregon, institution, total loans increased 16% in the first quarter from a year earlier. But President and CEO Aaron Goff predicted this would level off significantly for his credit union and the industry overall.
Powell: changes to capital rules won’t be felt for ‘some years’
The chairman of the Federal Reserve told the House Financial Services Committee that no decisions have been made about regulatory changes, but whatever does come to pass will take time to implement.
Bank of America sees new clients soar at commercial bank amid regional woes
Bank of America had a 55% increase in new clients in May, and the lender is planning to bulk up staffing to keep up with demand.
Nominee for Fed’s #2 job doesn’t take clear stand on tougher regulation
Philip Jefferson, a current Federal Reserve Board member, is President Biden’s nominee to be vice chairman of the central bank. At a Senate hearing, he gave measured responses to questions about the potential for heightened regulation of midsize banks.
Abu Dhabi scours for global banking deal armed with $1 trillion
The oil-rich emirate has explored a string of ambitious acquisitions in the international banking sector. None have panned out so far.
American Banker honors six top innovators and female fintech leaders
Innovators of the Year and Most Influential Women in Fintech were announced last week at the Digital Banking Conference .
‘A widening gap filled with risk’: Jo Ann Barefoot on regtech innovation
Barefoot, co-founder of the Alliance for Innovative Regulation, works to help regulators innovate. She is one of American Banker’s most influential women in fintech.