Kansas City bank has no plans for a pause after striking deal
Dickinson Financial in Missouri has no intention of departing from its expansionary mindset as it lays plans for de novo branches and scouts new acquisition opportunities.
PayPal hires high-ranking marketing gurus to delve into payments data
PayPal has brought on expert pitchmen from Uber and Plaid to build an advertising platform for merchants. Its rivals are on a similar path.
One tweak to SEC policy would channel capital to small businesses
Nearly 20 years ago, the SEC made business development companies subject to an obscure reporting rule that pushed them out of major index funds. Reversing course would be a major boon to small businesses.
Credit card borrowers are starting to show greater strength, new data indicates
Late payments, which have been on a steady rise since 2021, are now climbing at a slower rate or even declining at some major card issuers. Risks remain, but there’s ‘reason to be cautiously optimistic,” one analyst said.
Why Illinois’ budget bill has bankers sounding the alarm
An interchange provision included in Illinois’ budget bill could force banks and payment processors nationwide to revamp their payments infrastructure, lobbying groups for the industry say.
Gruenberg will not testify at House Cleary report hearing
A scheduling conflict will prevent Federal Deposit Insurance Corp. Chair Martin Gruenberg from attending a House hearing on workplace misconduct allegations despite ongoing GOP scrutiny and prior calls for his resignation.
The FDIC’s badly inaccurate ‘problem bank list’ should be shut down
All eyes are on the FDIC’s toxic workplace scandal and the resultant resignation of its longtime director. However, another problem not being discussed is the agency’s “problem bank list.”
Mastercard asks: Is crypto still too complicated for payments?
Digital assets have never caught on for mainstream payments, but the card network isn’t giving up hope. Its latest effort aims to reduce complexity by learning from the successes of digital wallets.
Bank stocks advance following robust employment gains
Investors homed in on the benefits of positive economic data for lenders, rather than the possibility of a strong job market delaying interest rate cuts that would help to lower deposit costs and boost credit demand.
The 20 top-performing publicly traded banks with under $2B of assets
This year a California bank takes the No. 1 spot on American Banker’s annual list of the best performing community banks.