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Is core-banking technology nearing a 'big shake-up'?

Alexander Lopatine Nymbus founder
Alexander Lopatine, who founded Nymbus and has joined Mbanq, says alternative providers are gaining the confidence of more banks. However, questions remain about their staying power in the fight with traditional vendors.

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Capital One keeps closing branches, even as rivals open them

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Other banks say they need to add branches to attract more deposits, but Capital One is sticking to its strategy of aggressively closing them and gathering the bulk of new deposits online.

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FASB chair defends CECL: 'The benefits justify the cost'

Russ Golden, chairman of the Financial Accounting Standards Board
Bernard Doyle Photo 2012
Russ Golden, the chairman of the Financial Accounting Standards Board, says implementation of its credit loss rule should go forward, but will issue new supporting documents.

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Customers' satisfaction with mobile apps is slipping, J.D. Power says

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Huntington, Capital One and Citi are tops with consumers, but overall satisfaction scores have declined as users have been overwhelmed by the constant rollout of new features.

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Which fintechs are best positioned to handle a recession?

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A trader reacts as trading begins inside the Frankfurt Stock Exchange following the U.S. Presidential election result announcement in Frankfurt, Germany, on Wednesday, Nov. 09, 2016. Global markets were thrown into disarray as Donald Trump won the U.S. presidential election, shocking traders after recent polls indicated that Hillary Clinton would be the victor. Photographer: Alex Kraus/Bloomberg
Alex Kraus/Bloomberg
In a downturn, some fintechs, such as independent lenders, will be more vulnerable to economic forces than those working to service banks' regulatory needs.

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General counsel of failed First NBC pleads guilty to bank fraud

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Justice. Justice Scale
BillionPhotos.com - stock.adobe.com
Gregory St. Angelo was part of a loan and tax credits scheme with other senior executives that funneled him more than $50 million, federal prosecutors said.

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Banks rush to boost shareholder payouts after stress test results

Brian Moynihan, chairman and chief executive Bank of America.
Some large banks, including Bank of America and JPMorgan Chase, will increase dividends and stock repurchases by double digits.

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Supreme Court ruling means less deference for bank regulators by judges

Supreme Court
The U.S. Supreme Court building stands in Washington, D.C., U.S., on Thursday, July 5, 2018. President Donald Trump said he's narrowed his choice to replace retiring Supreme Court Justice Anthony Kennedy to four people and that he expects to make a decision by Sunday. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
A recent high court decision said judges no longer have to automatically give agencies the benefit of the doubt when interpreting their regulations.

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Are Iranian hackers going after U.S. banks again?

Pedestrians pass in front of a political mural in Tehran depicting Ruhollah Khomeini, founder of the Islamic republic of Iran.
Security companies report a recent spike in spearphishing campaigns originating in Iran and targeting banks.

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Customers in Pa. warns of earnings hit after mortgage client shuts down

Jay Sidhu, chairman and CEO of Customers Bancorp.
JIM GREIPP
The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.

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Core systems Branch banking CECL Fraud Stress tests Cyber security Capital One FASB SCOTUS
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