How to apply for the Most Powerful Women in Banking and Finance: Next 2024
Call for submissions for women 40 years and younger who are rising stars at their bank or financial institution.
Lessons from JPMorgan’s fallout with the fintech Viva Wallet
The bank is arguing in court with Viva founder Haris Karonis over whether it hindered the fintech’s growth. The allegations strain a relationship that was already pressured by inflation and other economic factors.
Real-time spending data and AI can mitigate risks in loan portfolios
An investor in early stage fintech startups weighs in on the breakthrough technologies that will transform the relationships between banks and fintechs.
Rep. Andy Barr to introduce bill on bank mergers
Rep. Andy Barr, R-Ky., will propose legislation on Friday that would curtail the Federal Reserve’s ability to slow down the bank merger process by mandating that the central bank must approve or deny applications within 90 days of receiving them.
Valley National Bank, heavy on CRE, is confident despite investor worry
Investors have hammered the New Jersey-based lender following the turmoil at New York Community Bancorp. But Valley executives say there are key differences between the two real estate-focused banks, and they express confidence that the bank’s underwriting will hold up again this cycle.
Why fintechs want the CFPB—not states—to rule on earned wage access
Nearly a dozen states are looking to regulate digital payroll advance products, prompting a fintech trade group to ask the Consumer Financial Protection Bureau to conduct a formal rulemaking.
Press Release: FDIC Releases Economic Scenarios for 2024 Stress Testing
PRESS RELEASE | FEBRUARY 15, 2024 FDIC RELEASES ECONOMIC SCENARIOS FOR 2024 STRESS TESTING WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than $250 billion. The Dodd-Frank Wall Street Reform and Consumer Protection […]
House considers law changes to emergency bank liquidity
Lawmakers on both sides of the aisle pulled back from criticizing the Federal Home Loan Banks, seemingly taking off the table the idea of changing the system’s role as a lender to troubled banks.
Rich and poor consumers use BNPL for different reasons: Fed data
Financially stressed consumers nearing their credit limit use buy now, pay later loans to finance smaller purchases, while wealthier households want to avoid paying interest or carrying a balance on credit cards for bigger-ticket items, according to the New York Fed.
JPMorgan, State Street leave biggest climate investor group
The departures are occurring during a period of heightened U.S. political backlash against the environmental, social and governance investing strategy. Republican officials across the country have launched investigations into banks and asset managers, introduced anti-ESG laws and pulled funds from firms such as BlackRock, which championed sustainable investing.