How PNC’s Deborah Guild works to protect the bank and its customers: The Climb
As the head of enterprise technology and security, Guild tries to stay ahead of fraudsters and other bad actors.
Wells Fargo plans travel card to rival Chase’s Sapphire Preferred
Wells Fargo unveiled a new credit card and is bolstering how it rewards customers for their spending, crucial steps in Chief Executive Officer Charlie Scharf’s mission to make the fourth-largest U.S. bank a bigger player in a space long dominated by rivals.
Where are real-time payments taking off fastest? It’s not the U.S.
Brazil’s Pix network, at just three years old, now accounts for 15% of all global real-time payments — and its success is inspiring projects in other countries.
Biden’s regulatory agenda threatens the health of American banks
A blizzard of new rules and regulations strikes at the fundamental strengths of the U.S. banking system, and will have negative impacts on both American consumers and businesses.
How junk fees have changed since Biden’s last State of the Union
In 2023, the Biden administration pledged to reduce “junk fees.” Ahead of this year’s State of the Union, we revisit what progress has been made.
House Republicans call on bank regulators to withdraw Basel proposal
The letter, which was sent to bank regulators, represents a further escalation of lawmaker criticism of the Basel III endgame proposal, and comes just as Federal Reserve Chairman Jerome Powell is set to testify in the House Financial Services Committee.
Janus Henderson’s head start for CLO ETFs pays off big time
Contenders see plenty of room for the market of EFTS investing in CLOs to grow. The question is if they can potentially usurp some of banks’ dominance in AAA-tranche investing.
KPMG faces fresh questions over audits after New York Community turmoil
The auditing giant KPMG audited the three regional banks that failed last year. New York Community’s recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors’ role.
PNC CEO: ‘Regulation is uneven’ between OCC, other agencies
Bill Demchak, in a panel hosted by Brookings on Tuesday, said that last year’s bank failures wouldn’t have happened if the Office of the Comptroller of the Currency had been the supervisor.
Could NYCB be a mortgage servicing rights seller?
Many other organizations have turned to sales of this asset class in order to enhance cash flow or liquidity.