nCino announces Sean Desmond as CEO
Desmond will be succeeding Pierre Naudé in leading the bank technology provider.
FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | FEBRUARY 4, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in November 2024. […]
We need to imagine a future of collaborative bank-fintech partnerships
Long-term partnerships between banks and fintechs are the real future of financial services. Pharmaceutical firms’ relationships with contract research organizations offer a useful model.
East West Bank’s CEO on how the bank coped with LA wildfires
The bank, which is headquartered in Pasadena, had to quickly switch to remote work for many employees and come up with relief programs for customers whose homes and businesses were destroyed by fire.
PayPal’s strategic pivot drives an earnings beat
CEO Alex Chriss said improvements in checkout, artificial intelligence and its Venmo app are “starting to show up in the results.”
M&A may get easier under Trump, but less so for big banks
Donald Trump’s second administration is widely expected to be far less skeptical of bank mergers than the Biden administration has been, but industry experts say that political opposition to big bank mergers and business considerations will still be roadblocks.
Exclusive: GOP bill nixes small business data collection
A bill offered by Rep. Roger Williams, R-Texas, would repeal Dodd-Frank Section 1071 and eliminate any data-collection requirements for the Consumer Financial Protection Bureau.
California bank customers await word on safe deposit boxes
The Bank of America branch in Altadena burned down last month. Now the bank must determine whether customers’ prized possessions survived.
Former Federal Reserve advisor indicted for economic espionage
A former senior advisor at the Federal Reserve Board was arrested and charged with economic espionage for conspiring to steal trade secrets and selling them to China for $450,000.
Santander replaces its U.S. CEO
Christiana Riley, regional head of Banco Santander’s North America region, has succeeded Tim Wennes as CEO of Santander U.S.