Consumer banking
Consumer banking
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The perennial effort by state-level lawmakers and regulators to impose their will on national banks risks damaging a well-balanced system that has allowed the U.S. economy to thrive.
September 15 -
First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 - Yahoo Finance Feed
First internet Bancorp, which has recently been grappling with credit quality issues, has agreed to sell an $869 million portfolio of single tenant commercial real estate loans to Blackstone.
September 11 -
The Treasury Department has designated Fifth Third as the financial agent for its Direct Express prepaid card program. The decision marks a reversal from late last year, when BNY reached a five-year agreement with Treasury.
September 9 -
Congress can and should enact meaningful deposit insurance reform, but the current proposal before lawmakers is misguided. The deposit cap is excessive and the funding mechanism creates systemic risk.
September 9 -
The Columbus, Ohio-based regional bank announced plans to acquire Dallas-based Veritex Financial in July. On Monday, a Huntington executive called the deal a "springboard" for additional organic growth.
September 8 -
The megabank will continue its international retail strategy by opening business in Germany next year, starting by offering savings accounts to consumers.
September 5 -
There is conclusive evidence that stablecoin adoption does not lead to deposit runoff at community banks. This should give bankers the confidence to grow their businesses by offering stablecoin-related services.
September 5 -
Founder and executive chairman Edward Nigro will step back into the top executive spot after Ryan Sullivan informed the company he didn't plan to renew his employment contract.
September 5 -
Organizers of the planned Portrait Bank say they're well ahead of initial capital-raising goals as they near completion on leasing a property to serve as headquarters
September 4 -
Noelle Acheson points out that central bank digital currencies are neither the threat nor the solution many seem to think. What matters is how the technology is applied.
September 4 -
The giant custody bank plans to offer specialized instruction in cybersecurity, AI and other topics to 1,000 community bank executives.
September 3 -
The arguments banking trade groups are raising against granting charters to digital asset firms are the same scare tactics they used against money market funds, online brokers and fintech lenders.
September 3 -
Roland Harbin of First Chatsworth Bankshares in Georgia is part of a trend of bank directors continuing to serve well beyond the traditional retirement age.
September 3 -
The Pittsburgh-based bank is bolstering its Southeastern and Mid-Atlantic footprint by adding almost 30 new branches. But is the market already too crowded?
September 2 -
The Kansas City, Missouri-based bank bought the deposits from Old National Bancorp, growing its large base of HSA deposits by 1%.
September 2 -
Rent-seeking banks looking to profit from their monopoly on access to customer data can't be allowed to stymie the development of open banking in the U.S.
September 2 -
Orlando-based Cogent Bank has hired a team to finance single-tenant net lease properties, an asset class characterized by exceptional credit quality.
September 2 -
When banks proactively adapt to climate and societal trends, modernize infrastructure and weave environmental, social and governance priorities into decision-making, they enhance resilience and unlock new growth.
September 1 -
The proposed Berkshire Hills-Brookline merger is expected to finalize on Sept. 1; Flagstar Financial has scheduled a special shareholders' meeting to simplify the bank's regulatory structure; former Credit Suisse executives agreed to settle a suit filed by shareholders claiming they failed to maintain adequate risk management; and more in this week's banking news roundup.
August 29