Credit Union Executive of the Year: Maui County FCU’s Gary Fukuroku
As CEO, Gary Fukuroku has helped turn the Hawaiian-based institution into one of the largest in the state and has raised significant funds to help those affected by this year’s wildfires.
Lloyds says crypto scams are spiking, CBA using AI to fight abuse
A Lloyds Bank study finds that the number of crytpo scams rose by 23% year-over-year in October. Separately, the Commonwealth Bank of Australia is using artificial intelligence to detect abusive language in transaction messaging.
Banks need to be farsighted about the value of their VPs
There’s a reason why successful bankers with long careers look back on their time spent as vice presidents as among the best of their working years.
Testimony: FDIC Chairman Martin J. Gruenberg before the Committee on Financial Services – United House of Representatives
TESTIMONY | NOVEMBER 15, 2023 Remarks by FDIC Chairman Martin J. Gruenberg on Oversight of Financial Regulators before the Committee on Financial Services – United House of Representatives Chairman McHenry, Ranking Member Waters, and Members of the Committee, I am pleased to appear at today’s hearing on “Oversight of Prudential Regulators.” I appreciate the opportunity to […]
‘Everybody is on edge.’ How Israel’s fintech workers are enduring war.
With employees regularly fleeing to bomb shelters — and some being called away to military service — these technologists must still serve a global clientele while confronting fear and destruction at home.
10 U.S. banks with the highest third-quarter earnings
The 10 largest U.S. banks based on most assets had combined total earnings of more than $40 billion in the third quarter of 2023.
New Census data hints at slower pace for small business formation
A key gauge of activity that tracks startups most likely to create jobs declined in October, potentially signaling the start of a slowdown amid the fallout of high interest rates. It presents a red flag for community banks and credit unions that are major lenders to small businesses.
Statement: Joint Statement by Vice Chairman Travis Hill and Director Jonathan McKernan on FDIC Workplace Culture
STATEMENT | NOVEMBER 15, 2023 JOINT STATEMENT BY VICE CHAIRMAN TRAVIS HILL AND DIRECTOR JONATHAN MCKERNAN ON FDIC WORKPLACE CULTURE All FDIC employees are entitled to a professional workplace that respects and values their contributions. The conduct reported by the Wall Street Journal earlier this week has no place at this agency or anywhere in […]
Inside the new, post-crisis market for startups’ deposits
Bank failures last spring forced many startup businesses to shift where they store their cash. JPMorgan Chase appears to be the top beneficiary, but other banks say they are just as eager to reel in deposits and do more business with the innovation economy.
‘Staying in touch with the front line:’ lessons from Chase for Business CEO Ben Walter
Don’t underestimate how lonely and messy entrepreneurship is, Walter said at American Banker’s Small Biz Banking conference.