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.
William Zimmerman, American Banker’s editor during the 1980s, dies
Co-workers remember a considerate boss who worked to create newsroom opportunities for women and minorities
FDIC action against Tennessee bank emphasizes tech
Brighton Bank entered a consent agreement with the regulator regarding violations of anti-money laundering laws.
Will a ‘soft landing’ fuel 1990s-like boom for banks?
Bank investors hope they can party like it’s 1995, when the U.S. economy stayed healthy even after aggressive Federal Reserve rate hikes. But a few analysts are a bit more cautious over whether banks’ loan books will hold up as well this time.
20 U.S. banks with the most construction loans
The top five banks have combined construction loans of more than $71 billion.
Fincen beneficial ownership registry goes live
The Treasury’s Financial Crimes Enforcement Network launched its new database identifying U.S. business owners pursuant to the 2021 Corporate Transparency Act Monday, giving existing companies one year to file reports on their true owners and new companies 90 days after their creation to comply.
‘They’ll stamp AI on everything’: Ludwig on vetting fintechs
Eugene Ludwig, former Comptroller of the Currency and current co-founder of Canapi Ventures, a fintech VC, reflects on how 2023 treated fintechs, how far the fintech movement has come and what banks and their regulators need to look out for in 2024.