SVB races to prevent bank run as funds advise pulling cash
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SVB races to prevent bank run as funds advise pulling cash
Unease is spreading across the financial world as concerns about the stability of Silicon Valley..
Inside Varo Bank’s gen AI co-pilot build-out
Varo Bank is building generative AI co-pilots by tapping internal tooling and Amazon Web Services. ..
Apple Pay, other tech firms come under CFPB regulatory oversight
The top US consumer watchdog will supervise Apple Inc. and other major technology firms that offer..
Just 40% of financial institutions satisfied with cloud investment
Many financial institutions are not satisfied with the investments made in their cloud..
Grasshopper CTO Peter Chapman to speak at Bank Automation Summit 2025
Grasshopper Bank Chief Technology Officer Peter Chapman will speak at Bank Automation Summit U.S...
Why Trump’s Victory Is Fueling a Market Frenzy
Investors have been comforted by a clear election result and are anticipating tax cuts and..
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve..
PNC now plans to spend $1.5B as branch expansion doubled
PNC Financial Services Group Inc. said it will spend $500 million more than originally planned to..
Podcast: Fintech founder Pranger touts virtues of ‘practical’ AI
Fintech Appli recently launched an AI-driven financial calculator that can be embedded into a..
Navy Fed to pay $95M for charging illegal overdraft fees
The Consumer Financial Protection Bureau today fined Navy Federal Credit Union for illegally..
Trump’s Newest Economic Sherpas Are Not Like His Old Ones
A little-known investment banker, a former hedge fund star and an acolyte of George Soros have the..
M&A: nCino to acquire FullCircl for $135M
Technology provider nCino Oct. 30 announced plans to acquire SaaS platform FullCircl for $135..
Signature Bank of Arkansas taps CSI for Spanish-language offerings
Signature Bank of Arkansas has started a bilingual branch network called Banco Si to serve..
Financial inclusion boosted by AI, open banking, education
Financial education, accessibility and overall inclusion has improved as technology has advanced in ..
5 questions with … Terry O’Neil of Citi Retail Services
Citi Retail Services monitors client feedback to drive innovation efforts, Terry O’Neil, head of..
Capital One spends $63M on integration of Discover
Capital One invested heavily in integrating Discover Financial Services in the third quarter as it..
Goldman, Apple to pay $89M after CFPB card probe
Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million to resolve a long-running..
American Business Cannot Afford to Risk Another Trump Presidency
Donald Trump is not running as a champion of business. He is running as a tribune of populist..
TD invests in leadership, data to improve AML compliance
TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in ..
Is the Trump Trade Back?
Market observers see signs that investors increasingly believe Donald Trump will win the election,..
Trump Says ‘Growth’ and Tariffs Will Pay for $15 Trillion Agenda
In a combative interview, the former president hinted at even higher tariffs as an economic magic..
Big Banks Open Their Books for First Test After Rate Cuts
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better ..
AI accounts for 31% of VC funding in Q3
Global venture capital funding took a hit in the third quarter, but AI startups accounted for 31%..
Bank Automation Summit U.S. 2025 agenda is live
Bank Automation News is pleased to announce that Bank Automation Summit U.S. 2025 will be held..
Victims of Stanford Financial’s Fraud Scheme May Soon Be Paid. Some Already Sold Their Claim.
Not having much insight into what may happen next in the case of a fraud orchestrated by Robert..
Trump Falsely Promotes Endorsement from JPMorgan Chase CEO Jamie Dimon
As the campaign reaches its final month, the Republican nominee is intensifying his pattern of..
Small FIs onboard FedNow for growth, efficiency
As real-time payments become integral to growth strategies, small financial institutions are..
The Economy Is at a Hinge Moment
The economist Jason Furman discusses the economic fights that the next presidential administration..
FedNow can expedite FEMA payments for Helene survivors
Survivors of last week’s devastating Hurricane Helene, could receive Federal Emergency Management..
OpenAI Adds $4 Billion Credit Line on Top of $6.6 Billion Investment Round
The San Francisco company is gathering the billions its executives believe they will need to..
Una idea ‘elegante’ para financiar la protección de árboles
El objetivo del Tropical Forests Forever Facility es pagar a los países con bajos índices de..
Transactions: Amex, Boost team up on virtual card
American Express and Boost Payment Solutions will provide commercial card processing to U.S.-based..
Deal to Reopen Libya’s Central Bank Eases Fears of Fighting
A standoff over control of the bank had destabilized the country’s economy and raised the prospect..
Movers and Shakers: Exec changes at TD
TD Bank announced a flurry of executive changes, including the retirement of its chief executive..
Transactions: EverBank to acquire Sterling Bank for $261M
EverBank has announced plans to acquire Sterling Bank for $261 million, through a stock purchase..
China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves..
Visa Faces an Antitrust Lawsuit by the Justice Dept.
The agency plans to argue that the company illegally penalizes customers that try to use rival..
Auto lenders lean into AI for customer service
Auto lenders are incorporating artificial intelligence into their processes to improve customer..
‘Declaration of Progress’: Biden Hails Fed Rate Cuts
President Biden hailed the Federal Reserve’s move to begin cutting interest rates during a speech..
TD Bank names Chun as CEO
TD Bank named Raymond Chun its incoming chief executive today after current CEO Bharat Masrani..
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