Maybe Wells Fargo’s unions need a blockchain
Unionization efforts at several Wells Fargo locations go in reverse, while the buzzy blockchain stuff overshadows the plain fact that customers want products that help them rather than gee-whiz technology.
Banks are better positioned to benefit from AI than many realize
Despite headlines threatening massive AI-driven disruption of the industry, legacy financial institutions with vast troves of customer data are actually very well positioned to reap the benefits of AI — if they understand how.
Union decertification efforts at Wells Fargo gain steam
Employees at two of the 28 Wells branches where workers previously voted to unionize are now shedding union representation.
Former Flagstar chairman to step down from board of directors
Alessandro DiNello, who served as Flagstar’s executive chairman in 2024, said he’s leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
Why banks must treat quantum threats as a present risk
Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
U.S. Bank extends loan terms in bid to address affordability
The Minneapolis-based regional bank is extending home-improvement loan durations by as much as two years in a bid to continue capitalizing on a long-running remodeling boom.
Trump admin rule would open 401(k)s to riskier investments
The Department of Labor proposed a rule that would bring private credit more into retirement accounts, as pockets of the market bubble up and some point to contagion.
Ginnie Mae gives issuers a break, adds new prepayment data
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
The fusion of TradFi and DeFi raises questions for banks
Banks must plan to support decentralized finance without disturbing their existing businesses. That’s easier said than done.
Fincen whistleblowers could earn 30% of penalties in new rule
The Treasury’s financial crimes enforcement wing proposed a rule Monday that would incentivize whistleblowers to come forth with information that could assist in cracking down on scams, fraud or money laundering, at a time of heightened geopolitical risk.