Bankers must reconsider how they approach crypto
Understanding the different aspects of new technologies and how they extend existing financial systems is essential for fostering a healthy relationship between banking and emerging innovations.
The 20 top-performing banks with $2B to $10B in assets
American Banker’s annual ranking examines midsize banks with the best financial metrics.
‘But is it fair?’: AI systems show promise but questions remain
Decision-making algorithms powered by machine learning are seen as the next frontier for a more nuanced approach to mortgage decisions but skeptics worry this will just be a new way to discriminate.
Credit conditions expected to remain poor this year, bank economists say
The American Bankers Association’s credit conditions index remained near historic lows despite a slight uptick in the most recent quarter. Pessimism pervaded the outlook for both business and consumer lending.
Truist’s modernization won’t be a ‘big bang’
The regional bank is taking its core transformation slow and steady, starting with deposits, according to Jay Poole, head of consumer products technology.
Banking news roundup
Discover Bank launches financial health fund, Cross River Bank climbs past real-time payment transaction benchmark, Webster funds financial education at youth-focused nonprofits and and more in this week’s banking news roundup.
What’s in the bipartisan deal on clawbacks from failed-bank CEOs
The Senate bill, which will receive a committee vote next week, would give the FDIC the option to take back compensation from executives at failed institutions. Some advocacy groups want stronger language.
An incubator for Main Street: How one credit union supports small shops
Lake Trust Credit Union in Brighton, Michigan, works with a development agency in Lansing to provide entrepreneurs with the financial and educational support they need to go it alone.
BOE a step closer to launching digital pound after Project Rosalind study
The Bank of England is a step closer to launching its own digital currency after a yearlong project concluded the technology could support a “diverse range” of new ways to use money.
Fed’s Waller: bank sector wobbles should not stop further rate hikes
In a speech, the Federal Reserve Board governor said tighter monetary policy is not to blame for the volatility seen in the banking system this spring.