20 banks and thrifts with the largest portfolios of total securities
The top five have more than $2.6 trillion in combined securities as of March 31, 2024.
How up-and-coming payment leaders are embracing AI
The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.
Fed’s Waller pumps the brakes on faster cross-border payments
Federal Reserve Board Gov. Christopher Waller said interlinking instant payments systems could come with a steep price tag for banks and heightened risks for customers.
CFPB cites retailer fees as it pushes access to cash
The Consumer Financial Protection Bureau said charges for cash-back services are contributing to the lack of access to finance in underserved areas.
Bank of America escrow case plaintiffs claim NY law is no ‘impediment’
The plaintiffs’ 2nd Circuit filing in the Bank of America escrow preemption case is the first since the Supreme Court sent it back for more analysis.
Rebuilding vacant homes has to be part of the housing agenda
Vice President Kamala Harris has pledged to build 3 million new housing units over her first term. Rehabilitating vacant housing might be one of the most cost-effective ways to meet that goal — and address many other problems at the same time.
Old Second to acquire five Chicago-area branches from First Merchants
The $23 million cash transaction boosts Old Second’s presence in its home Windy City market, while marking Muncie, Indiana-based First Merchants’ exit from Illinois.
Telegram’s policies permit fraud on its platform — and worse
Shutting down Telegram could disrupt fraudsters targeting banks, according to experts. Following the arrest of CEO Pavel Durov, the idea appears more than hypothetical.
NY regulator slaps Panama Papers-linked Nordea bank with $35m fine
The New York State Department of Financial Services issued a consent order against Finland-based Nordea Bank, citing deficiencies related to the Bank Secrecy Act and anti-money laundering requirements.
First Busey strikes $917 million deal to acquire CrossFirst Bankshares
The combination, expected to close next year, would create a regional bank with $17 billion of deposits across 10 states.