BNY, Mizuho sign ‘non-competing alliance’; Kapitus acquires Ten Oaks
The Bank of New York Mellon and Japan’s Mizuho Bank entered an agreement to grant their corporate clients access to the other’s international trade network; New York-based lender Kapitus acquired Ten Oaks Commercial Capital; North Carolina’s First Carolina Bank agreed to acquire Pennsylvania’s BM Technologies; and more in this week’s banking news roundup.
The big pay-by-bank projects launching right now
Card networks, fintechs and Walmart have started major account-to-account payment initiatives in the past few weeks.
FDIC cites three Texas banks over risk management, liquidity
The Federal Deposit Insurance Corp. and Texas banking regulators issued consent orders against Industry State Bank, Fayetteville Bank, and Citizens State Bank requiring major overhauls of their management, capital, and risk controls.
Associated Bank’s hiring push yields loan pipeline growth
The Green Bay, Wisconsin-based bank said the 16 lenders it’s added have helped drive meaningful loan pipeline growth, and that another 10 new hires are expected by early next year.
Cambridge Savings’ Ivy Bank unit crests $1 billion in digital deposits
Executives at the Boston-area mutual bank said its digital-only division’s growth is accelerating, even as more banks enter the space.
A complete guide to the CFPB’s open banking rule
The rule, finalized Tuesday, enables consumers to share their financial data with third parties. Here are the implications for banks.
Press Release: FDIC Makes Public September Enforcement Actions; No Administrative Hearing Scheduled for November 2024
PRESS RELEASE | OCTOBER 25, 2024 FDIC Makes Public September Enforcement Actions; No Administrative Hearings Scheduled for November 2024 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in September 2024. There are no administrative hearings scheduled for November 2024. The […]
Compliance is banking’s superpower; that goes double in an era of AI
Banks’ compliance teams have often been the source of innovative technologies with applications far beyond financial services. That is likely to hold true with artificial intelligence-related compliance solutions.
New York Community’s loss wider than expected
A 42% drop in net interest income, continued costs from its merger with Flagstar Bank and the sale of its mortgage warehouse business weighed on the third-quarter results.
Gender equality continues to progress, U.S. Bancorp’s Gujan Kedia says
The president of U.S. Bancorp reflected on the progress women have made, and the work left to do, at American Banker’s Most Powerful Women in Banking gala.