Dime in New York launches national deposits group
The new team at Dime Community Bancshares intends to attract funding from an array of niche business segments, including medical billing, so-called death care services and hedge funds.
BNY Mellon, Microsoft jointly market data management platform
The custody bank will offer clients technology from Microsoft that lets them analyze their data in near-real time, hosted on the latest versions of Microsoft’s public and private clouds.
U.K. considers a faster-payments slowdown, Brazil moves ahead on CBDC
The U.K. is considering a bill that would let banks and payment service providers put suspicious-looking peer-to-peer payments on hold for up to four days to conduct security reviews, Giesecke+Devrient is working with Brazil’s central bank to develop an offline payment approach to a central bank digital currency, and more in global payments news this […]
Joint Press Release: Agencies Take Temporary Action on Appraisal Requirements in Area Affected by Hawaii Wildfires
JOINT PRESS RELEASE | MARCH 13, 2024 Federal Deposit Insurance CorporationBoard of Governors of the Federal Reserve SystemNational Credit Union AdministrationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Take Temporary Action on Appraisal Requirements in Area Affected by Hawaii Wildfires To help facilitate recovery efforts from wildfires in Hawaii last year, four federal financial institution regulatory […]
Credit Suisse client in tax dodge case gets $15 million bail
Prosecutors claim Dan Rotta, 77, hid more than $20 million from the IRS, using “pseudonyms, complicated corporate structures, and nominees” to conceal offshore assets and income.
National bank preemption is good for consumers and for the nation
The Supreme Court should preserve the preemption of state banking laws by federal laws, a key element of the dual banking system that has served the country well for generations.
5 issues affecting bank M&A in 2024, from redlining to regulation
Bank M&A activity has been in the doldrums in recent years, but a number of CEOs are predicting an increase in bank consolidation in 2024.
Lenders score win as IRS sidelines plan to restrict tax data
The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.
The tech partnership helping credit unions finance Teslas
Through its integration with the auto manufacturer, Origence and its indirect lending subsidiary FI Connect aim to match buyers in need of auto loans to eligible credit unions.
New York Community’s new investors poised to own nearly 40% of the bank
The Long Island-based lender has released a number of new details about its reconfiguration following a $1 billion capital injection led by two former Trump administration officials.