How to keep the troops happy
The financial institutions in American Banker’s Best Banks to Work For ranking are skilled in hiring new talent and ensuring those employees want to stay.
Best Banks to Work For 2023
This year 90 banks made American Banker’s 11th annual Best Banks to Work For ranking. The leaders of these institutions explain what it takes to be an employer of choice.
Early cracks start to show in banks’ commercial loans
Credit problems in business loans have risen in recent months, as companies that are in a weak financial position have started closing up shop. The difficulty in gauging which banks will face the most trouble is prompting many investors to stay away from the sector.
Blue Ridge Bank begins offboarding at least a dozen fintech partners
The banking-as-a-service pioneer has been reeling from the business since an enforcement action from a federal regulator last year.
OpenAI ousts Sam Altman; Chase discloses carbon emissions
A convicted Goldman executive seeks to lower his legal bills, OpenAI’s board has ousted its founder and CEO and several bank leaders are taking on new roles, and more in the weekly banking news roundup.
House Republicans open investigation into FDIC chairman
Three GOP leaders of the House Financial Services Committee, including Chairman Patrick McHenry, say they’ll explore possible connections between the agency’s alleged “toxic” work culture and its staffing shortages that may have contributed to this year’s banking crisis.
She went after Epstein fortune and JPMorgan. Then she got fired
Denise George, US Virgin Islands attorney general, fought to establish who was responsible for helping the convicted sex offender traffic young women to his private island.
Hacker chutzpah: Ransomware group says it reported victim to SEC
The cybercriminals said a new SEC rule required loan software company MeridianLink to report last week’s breach, but the rule does not take effect until next month.
Fed’s Barr says FedNow will complement the private RTP network
Speaking at an event hosted by The Clearing House, the Federal Reserve’s vice chair for supervision said he expects both instant payment processing systems to be widely adopted over time.
Big banks will pay higher-than-expected deposit insurance fee
The Federal Deposit Insurance Corp. has finalized a special assessment that is slightly pricier than originally proposed for banks with uninsured deposits of $5 billion. Trade groups voiced concerns that the largest banks are paying to clean up a mess created by regional banks.