15 credit unions that have acquired banks since 2023
In the largest deal based on the bank’s assets announced since January 1, 2023, the credit union has nearly $12 billion in total assets and the target bank more than $1.5 billion in total assets.
The rise of the bank chief AI officer
Most large banks now have a C-suite officer overseeing AI. Here’s why and what such a job entails.
How JPMorgan Chase defends its position as the nation’s top acquirer
With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.
Credit unions’ CRA exemption helped sink Navy Federal
The nation’s largest credit union allegedly engaged in racial discrimination resulting in calls for further investigations and regulations. Had Navy Federal been subject to the Community Reinvestment Act it may have avoided this problem.
CISOs rally in defense of SolarWinds’ Brown against SEC suit
The cybersecurity leaders argued in a recent court briefing that the SEC’s lawsuit against the SolarWinds CISO could harm the profession at large.
Is Sandro DiNello the right leader for struggling New York Community?
In a surprise move this week, banking veteran Sandro DiNello was appointed executive chairman of the embattled Long Island-based company, whose stock plummeted in the face of questions about its financial health.
Worldline plans to cut its workforce, MoneyGram hires four new leaders
French payments company Worldline may cut 8% of its workforce, Moneygram advances its digital strategy by hiring four new leaders, Fed issues enforcement action against Peoples-Marion Bancorp and more in our weekly banking news roundup.
Lenders weigh sports marketing as Rocket, UWM skip Super Bowl
Only a few dozen mortgage firms could likely afford the $7 million ad for this year’s big game, a marketing veteran said.
Don’t rush to undo the ‘tailoring’ of bank liquidity requirements
Policymakers should ignore the legislative calendar and draft a proposal that will stand up to bipartisan scrutiny, even if it takes time.
Can New York’s ‘migrant prepaid card’ boost financial inclusion?
The city’s pilot program enables asylum seekers to pay for food and baby products — reducing government overhead while introducing newcomers to the local economy.