Bankers open to change at the Fed, but not the one Trump wants
A survey of more than 400 bank executives found that while many support the former president, the vast majority disagree with his attitude toward independence at the Federal Reserve — a stance that would impact banks’ business models most directly.
Discover’s revenue grows, but credit performance dips
The financial institution beat analysts’ estimates on revenue, net income and diluted earnings per share amid modest loan growth, even as credit performance showed signs of deterioration.
New York Community set for a corporate rebranding
After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a new stock ticker symbol in late October.
Banking lobbies back Fed in debit swipe fee suit
The Bank Policy Institute and The Clearing House filed a motion to join the central bank’s defense of Regulation II.
Citizens hampered in Q3 by office-loan overhang
The regional bank’s earnings were impacted by challenges in its office loan portfolio, though its overall results were a mixed bag, with its nascent private bank showing momentum.
New York’s top banking cop issues warning about AI’s security risks
The guidance from Adrienne Harris clarifies how a key cybersecurity regulation — Part 500 — applies to the risks and uses of AI inside banks, including risks associated with deepfakes.
CFPB’s nonbank registry of repeat offenders goes live
The Consumer Financial Protection Bureau’s nonbank registry to address repeat corporate offenders goes live this week, but some experts have raised concerns about redundancy and costs for nonbanks.
Tips for career management from The Most Powerful Women in Finance
Industry leaders in this year’s ranking shared insight on how they would advise their younger selves on building a path to the top and the skills today’s rising professionals need.
Australia bans some card fees; Revolut tops UK fraud reports
Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country’s largest banks.
Press Release: FDIC Appoints Hansel Cordeiro as Director of New Office of Professional Conduct
PRESS RELEASE | OCTOBER 16, 2024 FDIC Appoints Hansel Cordeiro as Director of New Office of Professional Conduct WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced its Board of Directors has approved the appointment of Hansel J. Cordeiro as Director of the agency’s new Office of Professional Conduct (OPC). In June, the Board announced the […]