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Investment in the latest technology is crucial for banks and credit unions if they are to compete effectively, while the lack of tech talent continues to be an issue.
May 2 -
Former credit union chief hit with charges, $1 trillion of Home Loan bank advances, a deposit deal in Illinois and more in this week's banking news roundup.
April 28 -
In April's roundup of American Banker's favorite stories: Investigations of PPP fraud ramp up, U.S. Bank responds to concerns regarding capital levels, what happened to the trend of bank purchases and more.
April 28 -
This has been a difficult year for the industry with government takeovers of three regional institutions, which rank among the 10 biggest failures in U.S. history. Here is a look at what went wrong at those three banks and the seven others on this infamous list.
April 26 -
Visa halts single-click payments in India, ING uses recycled beach plastic for payment cards and more.
April 26 -
The top five bank holding companies have combined total credit card loan portfolios of more than $600 billion.
April 26 -
The top five banks and thrifts have combined total assets of more than $12 trillion as of December 31, 2022.
April 24 -
Bank of America hits 100% recycled-plastic card goal for Earth Day, First U.S. Community Credit Union names new CEO, Santander partners with DailyPay, and more in this week's banking news roundup.
April 21 -
Wealth management lifted the firm's bottom line, as the unit's revenues rose 11% over the past year and it hauled in assets across multiple channels.
April 19 -
Ryan Reynolds bets on Canadian fintech, Virgin Money expands its offerings, and more.
April 19 -
Truist Financial completes sale of insurance division, loses a regional president to Huntington Bancshares, a group of Fiserv clients will join Federal Reserve's real-time payments network, FedNow, and more in this week's banking news roundup.
April 14 -
William Demchak of PNC, Brian Moynihan of Bank of America and William Rogers of Truist had their total compensation reduced last year, as stock prices across the industry fell. The previous year, pay for bank chief executives had soared by more than 20%.
April 13 -
Bank of England seeks CBDC experts, BNP Paribas' bonus pool gets larger and more
April 12 -
Retired Missouri bank CEO joins Great Southern Bank; Webster Bank promotions reposition senior management; Regions launches effort to boost Black-owned businesses in Birmingham; Consumer survey connects ESG in banking with customer loyalty.
April 11 -
Typically called softPOS or Tap to Pay, the technology allows sellers to receive transactions without add-on hardware. It's becoming a popular payment option for small business and mobile sellers and other users.
April 7 -
The top five banks and thrifts have combined total home equity loans of more than $97 billion as of September 30, 2022.
April 6 -
M&A activity has been going through a slump recently, but despite regulatory challenges and fears of a recession, the appetite for deal-making remains strong.
April 6 -
PhonePe backs away from a buy now/pay later acquisition, Germany fines EY for Wirecard scandal, and more.
April 5 -
The top five banks and thrifts have an average adjusted nonperforming loan ratio of 10.55 as of September 30, 2022.
April 5 -
The top five banks and thrifts have combined deposits of more than $7.5 trillion as of December 31, 2022.
April 4