The Most Powerful Women to Watch, No. 9, Debopama Sen, Citi
Sen’s remit spans domestic and cross-border payments, commercial cards, clearing, and payments acceptance.
The Most Powerful Women in Banking’s Women to Watch
Our annual ranking of women in banking and finance includes five community bank CEOs.
The Most Powerful Women to Watch, No. 1, Sharon Miller, Bank of America
Miller, who has been at BofA for nearly three decades, said that banking “is a trust business.”
The Most Powerful Women to Watch, No. 2, Lisa Oliver, The Cooperative Bank of Cape Cod
Oliver, who has been in banking for more than 30 years, will retire at the end of October.
The Most Powerful Women to Watch, No. 3, Jennifer Smith, Zions Bancorporation
Under Smith’s leadership, 56% of Zion’s workforce uses generative AI for routine tasks such as reviewing contracts and prioritizing emails.
Banks push back on CFPB plan to curb nonbank supervision
The Consumer Financial Protection Bureau received pointed pushback from banks in their public comments on a proposed rule that would slash the number of nonbanks being supervised in four key markets.
The disaster playbook: What happens if a stablecoin fails?
There’s no designated lender of last resort for nonbank stablecoin issuers in either the recently-passed stablecoin bill or the crypto market structure bill being considered, which experts say could mean bailouts down the road.
QNB to acquire smaller rival in southeastern Pennsylvania
QNB’s proposed $41 million deal to acquire The Victory Bancorp in Limerick, Pennsylvania, is set to create a community bank with $2.4 billion of assets.
Man sentenced to 42 months over $1.2M in check fraud
The operation washed checks stolen from USPS boxes and used “money mules” recruited on Instagram, causing financial and personal distress for victims.
Inside Wise’s Austin, Texas office expansion
The money transfer fintech expanded its Austin office 200% to 90,000 square feet as it looks toward accelerating growth in North America. The company also separately inked a new partnership with Upwork to add Wise Platform as an infrastructure provider for freelancer payouts.