Alanna McCargo to head San Francisco Home Loan bank
McCargo will succeed Teresa Bryce Bazemore at what the former sees as a “transitional, pivotal moment” for the Federal Home Loan bank.
Banks left in limbo as regulators mull path forward for Basel
Federal Reserve Chair Jerome Powell said there have been “no decisions” on the controversial capital reform plan, but banks and others who have criticized the proposal are eager for an indication about what’s next.
Two thefts decades apart, and a victim’s quest for answers
After a California woman spent more than a decade obtaining reparations for Nazi plundering of her family’s belongings, the money disappeared from her bank account. Her saga highlights a gap in fraud cases between what consumers expect from their banks and what those banks are in a position to deliver.
Fed’s Cook cites CRE and cyber as financial stability risks
Federal Reserve Governor Lisa D. Cook highlighted concerns over private credit growth, commercial real estate distress and escalating cyber threats in remarks on financial stability at the Brookings Institution Wednesday.
Fintechs pitch banks with solutions to help consumers deal with debt
Consumer debt aggregators such as Method, Payitoff, Spinwheel and Tally are partnering with financial institutions to embed solutions that aggregate account information and devise ways to optimize repayment — including with low-interest offers from the bank itself.
Will Democrats stand by Gruenberg?
Federal Deposit Insurance Corp. Chair Martin Gruenberg will testify next week in Congress. Those hearings — which will come after the publication of a bombshell report detailing widespread misconduct at the agency — could signal whether he has a future at the FDIC.
Bankers, investors look past shaky near-term conditions and see growth
Bank stocks are up this year as interest rates have leveled off and there are hopes that pressure on lenders’ profits could moderate.
Australia’s NAB readies A2A payments, Tuscany upgrades transit fare
National Australia Bank is adding a Pay By Bank option for near-instant payments, Italy is bringing open-loop payments to buses in Tuscany, and more.
No, seriously. Your bank really isn’t ready to implement AI.
There is fundamental work involved in laying a modern data foundation and adopting a flexible, data-driven, cloud-based IT architecture suitable for AI implementation. Most banks aren’t there yet.
Why this fintech isn’t rushing retirees out the door
DCI in Hutchinson, Kansas, is giving employees unsure about retirement the option to work part-time and gradually ease into the next phase of their lives.