TD Bank Group announces multiyear relationship with Google
TD moved its automated trading service to the cloud, in the hopes of new levels of efficiency and computational power.
Barr: liquidity pressure has eased; agencies eyeing unrealized losses, CRE
Federal Reserve Vice Chair Michael Barr Wednesday discussed regulators’ ongoing concerns over banks’ unrealized losses and commercial real estate values — particularly in the office sector.
‘Not a ceremonial position’: The need for tech-savvy boards
Finding board directors who understand the pace of change is a tall order. But banks of all sizes can find innovation-minded board directors by mining other industries and investing in annual training.
Navy Federal contract with Department of Defense is live
The $171 billion-asset Navy Federal Credit Union began operating roughly 60 locations and more than 270 ATMs as part of the Overseas Military Banking Program this month. The contract was awarded in September of last year, but faced federal deposit insurance challenges and industry pushback from credit unions and banks alike.
JPMorgan client who lost $50 million fortune faces court setback
Peter Doelger, 86, and his wife, Yoon’s losses are testing whether Wall Street firms can be held responsible for what happens if clients lose the ability to understand their investments.
Mandatory pledges won’t fix discount window stigma: Fed’s Bowman
The Federal Reserve Board governor also said the central bank needs to make operational improvements to its last resort lending facility.
Visa expands partnerships worldwide, Swift tests digital currencies
Visa is working with Thunes, LemFi and Western Union to expand its reach; Swift has completed testing of 38 global digital currencies; and more.
First Horizon’s CFO Hope Dmuchowski on the secret to her success: The Climb
Dmuchowsk worked three jobs to pay for her college education. She tells young colleagues that regardless of their backgrounds, if they work hard, they will succeed.
It’s past time for the Fed to expand ACH settlement to weekends
Weekend direct deposit would benefit workers, consumers and businesses. The Federal Reserve itself said it was in favor of such an expansion nearly a decade ago. There is no better time than now.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | APRIL 3, 2024 FDIC ISSUES LIST OF BANKS EXAMINED FOR CRA COMPLIANCE WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in January 2024. […]