Bankers’ support for Republican president eases vs 2020
About 44% of American Banker readers backed former President Donald Trump’s bid for the presidency but thought that current Vice President Kamala Harris had a better shot at winning.
US megabanks are ‘laggards’ on climate policy: Sierra Club
JPMorgan Chase, Bank of America, Citigroup and other big banks have committed to reaching net-zero emissions by 2050. But their execution is lagging behind their pledges, according to a new report by the environmental group.
Treasury yields rise as Fed rate-cut hopes fade before CPI
The recent rise in Treasury yields likely has technical drivers in the mortgage-backed bond market.
Inside Capital One’s quest to spread ID tech
By offering its authentication technology to other issuers, the credit card lender can compete with payment networks and mobile wallets. But it will have to persuade other banks to get on board.
LendingClub Bank, Pagaya acquire assets of fintech Tally
The company, which helped consumers strategize their credit card payments and pivoted to a B2B model earlier this year, has sold its intellectual property two months after it folded.
Fed vice chair: Discount window ‘effective’ but still needs to evolve
Federal Reserve Vice Chair Philip Jefferson discussed the history of the central bank’s last-resort lending facility. He characterized the Fed’s latest outreach as part of a century-long effort to fine-tune the discount window.
Ag bank’s history with Jack Henry goes back to tech firm’s founder
First State Bank of Purdy is on the forefront of new technology from Jack Henry & Associates thanks to the decades-long relationship between the bank and Jack Henry himself.
Territorial sale tensions escalate as shareholder vote approaches
The Honolulu-based bank’s board continues to recommend selling to Hope Bancorp in Los Angeles, despite a competing offer that includes a higher price tag.
Tim Johnson, former Senate Banking Committee chairman, dies at 77
Sen. Tim Johnson, a former three-term senator and five-term U.S. representative for South Dakota, died after complications from a recent stroke.
Tokenized deposits are the real game changer in the financial sector
It won’t be cryptocurrencies or central bank digital coins that revolutionize global finance, but rather banks offering deposit tokens that have many of the benefits of both.