American Banker’s Innovators of the Year 2024: How to apply
Bank technologists and fintech leaders who are bringing fresh ideas to life will be considered for this annual award.
American Banker’s Most Influential Women in Fintech: How to apply
Fintech founders and leaders and those who help them can qualify for this second annual award program.
BlackRock, Ark file amended forms in final push for bitcoin ETFs
BlackRock, Ark and several other prospective issuers of exchange-traded funds investing directly in bitcoin in the U.S. filed amended forms for their applications with the Securities and Exchange Commission.
Barclays head count fell by 5,000 last year in cost-cutting push
The majority of those affected are in support functions, reflecting the removal of management layers and improved technology and automation capabilities, the company says.
Banks are under extreme regulatory assault; it’s time to act like it
Banks need to mount an aggressive legal response to the onslaught of intrusive new rules being promulgated by their prudential regulators.
Why credit unions aren’t automatically picking FedNow
The Federal Reserve would seem to offer a compelling alternative to the bank-backed RTP network, but some credit unions — which typically see bank systems as competitive threats — are making more nuanced choices.
Banks stocks rally on solid jobs data, but can it last?
The KBW Bank Index posted a strong gain after a government report showed employers added 216,000 jobs in December. The labor market strength bodes well for lenders’ credit quality but may delay highly anticipated interest rate cuts that would lower banks’ funding costs.
How advocates are building support for a public bank in Washington State
A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.
Ed Crutchfield, legendary dealmaker and Charlotte banker, dies at 82
As the CEO of First Union Bank, Crutchfield struck more than 80 deals, riding the consolidation wave of the 1980s and 1990s. When he retired, First Union was the sixth largest bank in the country.
Cash-advance firm FloatMe hit with $3 million FTC penalty
The fintech made deceptive claims and charged “surprise” fees, according to the Federal Trade Commission.