Telegram bust highlights the app’s role in rampant check fraud
The indictment of Telegram’s CEO has added scrutiny to the ways in which messaging apps are facilitating check fraud — and what banks can do to stop them.
20 highest-paid bank executives
The average salary for these top compensated bank executives is more than $21 million.
How banks’ co-brand card relationships struggle
Goldman Sachs, Capital One and Wells Fargo have all suffered pitfalls in their merchant partnerships. Payment experts discuss how issuers can keep retailers and consumers onboard.
Insuring all deposits would create a safer, fairer banking industry
Citing “moral hazard” as the reason for denying full federal deposit insurance betrays a completely unrealistic belief in the ability of everyday depositors to gauge a bank’s strength.
20 banks and thrifts with the largest portfolios of mortgage backed securities
The top five have more than $1.3 trillion in mortgage backed securities as of March 31.
Why RBC isn’t eager to acquire another U.S. bank
The top executive at Royal Bank of Canada expressed reluctance about expanding south of the border again, citing what he characterized as a changing regulatory landscape and pointing to lessons learned from the 2015 acquisition of City National Bank.
Fed sets final capital requirements for large banks
The Federal Reserve finalized its capital requirements for large banks Wednesday based on June’s stress test outcomes.
A MoveIt data breach went undetected for over a year at this credit union
Texas Dow Employees Credit Union publicly acknowledged on Monday that it suffered a data breach in May of last year.
Klarna predicts AI’s toll on jobs, India’s payment rail boosts Walmart
The Swedish financial institution reports generative artificial intelligence will enable the company to lower headcount, while a digital payment rail is improving the financial performance at Walmart’s PhonePe unit.
Ally Bank launches live financial wellness workshops to the public
Ally Bank is hosting a new series of virtual workshops where it hopes people will speak frankly about their emotions tied to money.