QR code payments favored to gain adoption in 2025
The account-to-account payment method has become prevalent in countries such as China, India and Brazil, but adoption has been slow in the U.S. and limited to small and medium sized businesses. That paradigm is expected to shift amid continued fintech investment.
How right were bankers’ predictions about 2024?
Bankers expected big changes for community banks, digital assets and regulation. Were they correct?
4 banks that will be in regulators’ hot seat in 2025
These banks are expected to draw regulatory scrutiny in the coming year.
The US is losing the race to develop an alternative payments system
Countries around the world have lots of incentives to build an alternative to the U.S.-centric global payments system using central bank digital currencies. The U.S. must get in the game or see its economic might begin to wane.
Raising capital is painful. Here’s why more banks will likely do it.
Several banks that boosted their capital bases this year saw their stock prices rise, a new analysis finds. The positive reception may drive more such activity.
‘Ideas never die’: M&T’s approach to fintech innovation
The Buffalo bank recently shelved in-house startup GrowGrade and folded another, Nota, back into the mothership.
Turnaround artist Parsons ‘left everything better than he found it’
Richard “Dick” Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
FDIC, Vanguard reach agreement over large stakes in U.S. banks
A passivity agreement with the FDIC means that when the asset management giant Vanguard owns more than 10% of an FDIC-overseen bank, it can’t seek certain levels of control over the bank’s behavior.
HomeStreet agrees to sell nearly $1 billion in multifamily loans
The Seattle-based company’s deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.
Statement by Director Jonathan McKernan on Monitoring the Passivity of Index Fund Complexes: Vanguard’s New Passivity Agreement
STATEMENT | DECEMBER 27, 2024 Statement by Director Jonathan McKernan on Monitoring the Passivity of Index Fund Complexes: Vanguard’s New Passivity Agreement The passivity agreement entered into by Vanguard today should enable the FDIC to address, with respect to Vanguard, the concerns I raised in January and several times since about gaps in the FDIC’s monitoring of the purported […]