SunTrust Banks (STI) said Wednesday that the Federal Reserve Board did not object to its revised capital plan.
The Atlanta company originally failed the government's stress test earlier this year when its Tier 1 capital ratio fell to 4.8%, below the 5% minimum, in a
The new capital plan did not include increasing its dividend from five cents per share or repurchasing shares this year.
Fifth Third Bancorp (FITB) said Tuesday that the Fed had
The Dallas bank is replacing longtime CEO Scott Kavanaugh, who stepped down Thursday, with veteran banking executive Thomas Shafer. Shafer previously led Chemical Bank, which was acquired by TCF Financial in 2019.
The Federal Reserve released the volume of activity on its instant payments network since its launch last summer, showing a surge in usage between July and August.
The niche buy now/pay later firm is looking for differentiation in a crowded market with recognizable brands like Klarna, Affirm and Afterpay.
The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
