Shayna Arrington, Servbank | Next 2024
Arrington, who has an MBA and a law degree with a concentration in financial transactions, is the chief risk officer for the $753 million-asset bank.
The Most Powerful Women in Banking: Next 2024
Each year, in advance of our Most Powerful Women in Banking and Finance awards, American Banker puts together a list of 15 women who are rising stars at their banks. The honorees, all women 40 years old and younger, are nominated by an executive at their institution who believes that she has the potential to […]
Bankers want regulators, police to get serious about check fraud
In a new survey of bank executives from IntraFi, 90% of respondents said instances of check fraud have increased in recent years and half want law enforcement to make check fraud a bigger priority to stop criminals from stealing checks in the mail.
Card issuer Bread boosts revenue outlook as late-fee rule gets stymied
The store-branded credit card company revised its revenue guidance upward on the assumption that the CFPB’s late-fee cap won’t take effect before 2025. Still, Bread is moving ahead with plans to make up some of the revenue that it stands to lose from the contested rule.
What is the cost of doing banking as a service ‘well’?
Financial institutions that entered the space before regulatory oversight intensified need to calculate whether the price of talent, risk planning and technology is worth the return.
Fulton Financial hires new CFO, UBS senior exec leaves firm
Fulton Financial taps Valley National’s Richard Kraemer as its new CFO; UBS’ veteran private banker Jenny Su has left the firm; Bank of America names Kevin Brunner head of global technology, media and telecommunications investment banking; and more in this week’s banking news roundup.
Real estate-heavy bank lays out a strategy overhaul
First Foundation in Dallas recently got a $228 million capital injection led by Fortress Investment Group. Now it’s announced plans to pivot away from its heavy focus on multifamily loans, which lost value as interest rates rose.
The need to financially mainstream Hispanic immigrants is urgent
Fostering financial well-being among the country’s fastest-growing demographic group is essential to the future of the American economy. And, not incidentally, it’s also good for business.
WesBanco strikes deal for Ohio community bank
Ending a five-year M&A hiatus, the Wheeling, West Virginia-based company has agreed to pay $959 million in stock for Premier Financial in Defiance, Ohio.
Kamala Harris’ digital dollar vision: A new era of financial inclusion?
As a senator, the likely Democratic nominee for President championed an agency that did early work on payment technology, setting the stage for a central bank digital currency.