Why community bank stocks could rally in 2024
A resilient economy and the potential for interest rate cuts could infuse further bullish sentiment into markets and bolster the shares of small lenders.
The tech helping an Indiana credit union reel in businesses
Since first partnering with the digital banking software firm Q2 in 2019, Hoosier Hills Credit Union in Bedford has seen significant growth in new account openings and deposit balances due to stronger payroll processing capabilities.
Truist plans to shrink branch network by 4% in March
The North Carolina-based company said it expects to close about 4% of its branch network, or roughly 80 offices, by the end of the first quarter. The closures come amid Truist’s $750 million cost-cutting initiative.
All In Credit Union to acquire five bank branches in Alabama
After announcing a deal to buy the entirety of SunSouth Bank in Dothan last year, All In now plans to take over another bank’s branches in Brewton, Clayton, Eufaula, Geneva and Louisville.
Morgan Stanley’s Gorman says new bank capital rules will be ‘wound back’
James Gorman, chair and CEO of Morgan Stanley, expressed optimism in an interview Wednesday that the proposed Basel III endgame capital proposal would “definitely change” before it is finalized.
How state-issued IDs are driving Google Wallet’s strategy
In a crowded market for mobile payment apps, the search giant hopes to expand its support of driver’s licenses, providing a key method of authentication for more financial services.
Acting Comptroller Hsu misses the point of decentralized tokenization
When you centralize a blockchain, you lose much of its inherent value. Acting Comptroller Michael Hsu’s support for centralized tokenization betrays a misunderstanding of the value of decentralization.
20 U.S. banks with the highest global full-time employee headcount
The top five banks have an average global full-time employee headcount of more than 213,000.
German cash use slips, India pressures crypto exchanges
Germany, traditionally a cash-heavy economy, is seeing a rise in debit card use. Meanwhile, Indian regulators accuse several crypto exchanges of violating anti-money-laundering rules.
How Regions Bank unwittingly invited a surge in check fraud
The Alabama-based bank loosened its funds availability policy in 2022 as part of an effort to give customers early access to their paychecks. “We opened the door too wide, bad people came rushing in, and we didn’t close the door timely enough,” Regions’ CFO said.