Federal Reserve floats weaker version of planned bank capital overhaul
A plan reportedly being floated by the Federal Reserve would reduce the top-line capital raise for the biggest banks by as little as 5% — down from 16% in the original proposal from last July.
Preparing for ISO 20022: What banks need to know
As many financial institutions around the world prepare to adopt the ISO 20022 standard for sending international payments by March of 2025, experts say banks failing to make timely preparations could risk losing some customers and payments volume.
Bank M&A deals substantially bigger in 2024
There were 27 bank acquisitions worth $5.45 billion announced in the second quarter as of mid-June. That was more than the $5.2 billion combined value of deals announced over the previous five quarters.
Depositing success: Christina Riechers
The former head of Square Banking at Square is one of American Banker’s 2024 Most Influential Women in Fintech.
Financial health professional: Rochelle Nawrocki-Gorey
The CEO and founder of SpringFour is one of American Banker’s 2024 Most Influential Women in Fintech.
Quantifying success: Laura Kornhauser
The Co-founder and CEO of Stratyfy is one of American Banker’s 2024 Most Influential Women in Fintech.
Using AI to make credit accessible: Leslie Gillin
The chief growth officer at Pagaya is one of American Banker’s 2024 Most Influential Women in Fintech.
Guiding a large fintech: Stephanie Ferris
The CEO of FIS is one of American Banker’s 2024 Most Influential Women in Fintech.
Klarna to offload checkout business in $520 million deal
Klarna is looking to get out of one of its key payments businesses after the financial technology giant found the unit created a conflict of interest with peers like Adyen or Stripe.
Gen AI pioneer: Sathish Muthukrishnan
The chief information, data and digital officer at Ally Financial is one of American Banker’s 2024 Innovators of the Year.