Richard Parsons, who chaired Citi during financial crisis, dies at 76
The executive dubbed “Captain Emergency” stabilized ailing companies such as AOL Time Warner and Dime Savings Bank before being named chairman of Citigroup in 2009.
Gen Z, millennials drive BNPL growth this holiday season
Improved consumer confidence helped to drive greater use of buy now/pay later as younger generations turned to short-term installment options.
Banking’s big moves in 2024: Fed cuts, mergers and Trump
This year saw the impact of Donald Trump’s return to the White House, the first rate cut from the Federal Reserve in roughly four years and more.
Bankwell approves increased ownership stake for activist investor
The New Canaan, Connecticut-based company agreed to allow Larry Seidman, who sits on its board, buy an additional 5% of its shares. Seidman currently owns about 9.5% of Bankwell.
The year in review: The Climb
A roundup of the past year’s profiles of senior executive women in banking and finance.
Outlook 2025: What will the FOMC do?
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
Blockchain technology will let banks become what they ought to be
With transparency, security and reliability embedded at its core, a blockchain is not merely a way to enhance existing systems — it represents a model for what banking should aspire to be.
How these 24 people changed banking in 2024
Looking back at the year, this is how they impacted the financial services industry.
Anti-money-laundering cases pile up in 2024
Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues. That’s one of several top regulatory news items in 2024.
2025 will be a watershed year when it comes to fighting fraud
New tools, new partnerships and a new focus on combating increasingly complex fraud schemes will take center stage in the new year. This could be a turning point in a long-running battle.