Debanking makes a campaign stop in Kentucky
Rep. Andy Barr, R-Ky., and Comptroller of the Currency Jonathan Gould touted the OCC’s recent debanking report, which called out large banks for allegedly turning customers away because of their industry and beliefs.
Why Scotiabank is investing in working capital and liquidity
Widespread geopolitical and macroeconomic uncertainty is shaping the Toronto-based bank’s commercial payment strategy as it looks to deepen client relationships in transaction banking and capitalize on its footprint in Mexico.
Interoperability and payments’ last mile problem
Leigh Amaro, Chief Executive of the Americas at Swift, discusses the issues of payments interoperability with American Banker payments reporter Joey Pizzolato at SIBOS.
Amid AI boom, Morgan Stanley leans into role of its people
The investment banking giant, which has opened its doors to AI tools and capabilities, is still committed to being clients’ trusted advisor, CEO Ted Pick said Wednesday.
From retail payments to blockchain
Leigh Amaro, Chief Executive of the Americas at Swift, talks with American Banker payments reporter Joey Pizzolato at SIBOS about new projects the network has launched recently.
BofA says it’s ready to ‘move forward’ after $1.21B penalty
Following a historic hit from regulators, the nation’s second-largest bank assured investors that it has already taken its medicine. But a closer look at its earnings shows the fines weren’t BofA’s only problem last quarter.
Social Security’s 3.6% COLA may fall short for retirees. How advisors can help
Inflation is likely to continue eroding Social Security’s cost-of-living adjustment. Advisors share strategies for talking with clients about navigating the purchasing power gap.
Impostors got past First Horizon’s help desk, suits allege
Business customers in two lawsuits say callers posing as them got past First Horizon’s phone identity checks, and more than $23 million in wires followed.
Public perceptions shaped banks’ client decisions: OCC report
A review of nine large banks found that subjective reputation-risk assessments influenced decisions to serve certain customers and industries, but the OCC could not quantify the extent of debanking.
Crypto spending big but thinking small on the campaign trail
The crypto industry is still playing the traditional campaign-donation game; BofA’s billion-dollar AML fine shows the benefits of a fortress balance sheet.