Payment firms’ return-to-office policies put innovation to the test
As more corporations call employees back to the office, payments technology firms like Wise are balancing the need for in-person collaboration with meeting workers’ flexibility needs.
How credit unions are still benefiting from the 2023 banking crisis
Executives reflecting on the issues that doomed three banks say the closures stressed the importance of adapting quickly to change, and emphasized the advantages of the credit union business model.
Testimony: FDIC Chairman Martin J. Gruenberg before the Committee on Banking, Housing and Urban Affairs – United States Senate
TESTIMONY | NOVEMBER 14, 2023 Remarks by FDIC Chairman Martin J. Gruenberg on “Oversight of Financial Regulators: Protecting Main Street Not Wall Street” before the Committee on Banking, Housing and Urban Affairs United States Senate Chairman Brown, Ranking Member Scott, and Members of the Committee, I am pleased to appear at today’s hearing on “Oversight of […]
Why banks’ retail units should care about small businesses
Bankers should stop thinking of small companies as difficult to serve, Comerica’s Brian Haney says; “How does succeeding in small business make the retail bank stronger?”
Ex-Klarna COO fired from new CEO role after watchdog’s red flag
Klarna Bank’s former chief operating officer was forced to leave his post at the helm of one Sweden’s biggest online savings platforms having held the post for less than a week.
While pervasive, the ‘big banks v. fintech’ narrative misses the point
The future of financial services lies in collaboration between big banks and fintech, not conflict.
RBC’s City National unit names CFO as management shake-up continues
The new chief financial officer, Chris Doll, is City National’s third recent hire from Fifth Third. At yearend, he will succeed John Bai, who spent close to a decade in roles with Royal Bank of Canada and City National.
The Most Powerful Women in Credit Unions 2023
American Banker is proud to recognize the honorees for the second annual Most Powerful Women in Credit Unions.
Capital One seeks dismissal of lawsuit brought by disgruntled savers
The bank was recently sued by customers who say they were misled into thinking that their savings accounts were earning competitive rates. Capital One responded with a series of arguments for why the case should be thrown out.
Fake BlackRock fund filing triggers a brief rally in XRP cryptocurrency
A filing for a BlackRock fund based on the cryptocurrency XRP showed up on the official Delaware website that registers investment trusts incorporated in the state. The only problem is that BlackRock wasn’t the one who submitted it.