Why brand strength matters to banks: Morgan Stanley CMO
The bank is trying to reach women and investors from groups that wouldn’t traditionally have done business with the white-shoe firm in years past, Alice Milligan said on a marketing panel.
Discover, facing regulatory scrutiny, to exit student lending
After nearly a decade of regulatory headaches, Discover Financial Services is looking to sell its private student loan business. Its stock jumped 4% after the news.
OCC misstep, generative AI: Top tech news for November 2023
Top tech news in November: The Office of the Comptroller of the Currency’s appointee to the Office of Financial Technology comes into question, Mint’s closure presents opportunities for banks, bank and fintech leaders look towards generative artificial intelligence for innovation and more.
Mortgage rates will decline further, economic signs indicate
The 30-year average declined for the fifth consecutive week, as purchase demand picking up at the same time, according to Freddie Mac.
Citigroup layoffs, Truist expansion: Top banking news for November 2023
In November’s roundup of top banking news: Citigroup approaches newest wave of job cuts and managerial shifts, Truist Financial nearly doubles most-senior executive leadership team, JPMorgan Chase faces regulatory inquiries and more.
Top FDIC official Milhorn takes job as state bank trade CEO
Brandon Milhorn, former top staffer to FDIC Vice Chairman Travis Hill, has been named president and CEO of the Conference of State Bank Supervisors, effective Monday.
Randolph-Brooks Federal Credit Union names next CEO
Texas-based RBFCU, the tenth largest credit union in the nation, promoted Mark Sekula from CFO to CEO, replacing Christopher O’Connor, who will retire in March.
Fidelity customers get few answers on cyberattack
While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.
Press Release: FDIC Issues CRA Examination Schedules for First Quarter 2024 and Second Quarter 2024
PRESS RELEASE | NOVEMBER 30, 2023 FDIC Issues CRA Examination Schedules forFirst Quarter 2024 and Second Quarter 2024 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first quarter 2024 and second quarter 2024. CRA regulations require each federal bank […]
To reap the full benefits of AI, bankers need to put in the work now
The banking industry needs to seriously grapple with the potential — for good and for ill — that generative AI presents for its future.