PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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The Green Bay, Wisconsin-based bank will record a fourth-quarter loss after agreeing to sell $3 billion of low-yield loans and mortgages. The moves leave the bank well-positioned for 2025, CEO Andy Harmening said.
December 5
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Lisa McGeough will be heading the global bank's U.S. operations. It's just the latest change at HSBC since Georges Elhedery took the reins in September.
December 5
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Charles Nerko is team leader for data security litigation at Barclay Damon.
December 5
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Jennifer des Groseilliers is CEO of The Mather Group, cultivating a collaborative culture through inclusive and supportive leadership.
Previously, she served as CEO of MassMutual Illinois and, following that firm's merger with WestPoint Financial Group, assumed the role of partner and chief experience officer, leading various departments including investments, compliance, practice development and financial planning. Previously, des Groseilliers was managing partner at MetLife's Premier Client Group, leading an advisor force of over 160 financial advisors.
December 5
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Economic forecasts include the possibility of higher inflation and slower growth that could stall future cuts to the federal fund rates.
December 5
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The Toronto-based bank suspended its medium-term growth targets and announced a full-scale review of its strategies following historic anti-money-laundering failures.
December 5
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The Consumer Financial Protection Bureau is giving the funds to more than 4.3 million consumers harmed by a defunct credit-repair conglomerate, the largest-ever distribution from the bureau's victim-relief fund.
December 5
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Kelly Loeffer would lead an agency that is critically important to community banks, which make tens of billions of dollars in loans annually under its largest loan program.
December 5
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The Toronto-based bank set aside CA$1.5 billion in its fiscal fourth quarter to cover potentially bad loans. Executives say higher-than-normal impaired losses could persist next year.
December 5
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A bot from nCino lets people in the commercial lending department quickly find information in loan documents and in policy manuals that are hundreds of pages long.
December 5
