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Valley National Bank, which spent two years reducing its large concentration in commercial real estate loans, announced plans Tuesday to buy a bank in the competitive Chicago market.
Seven federal agencies rescinded a 2022 guidance that encouraged creditors to offer special purpose credit programs to underserved communities.
The CEOs of BMO Financial Group and Scotiabank said Tuesday that potential impacts from the escalating trade war are "manageable." But analysts worry that the fight will continue to widen.
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
Scotiabank is almost three years into a new strategy under CEO Scott Thomson and this is a pivotal year for the bank to begin showing results.
The Federal Deposit Insurance Corp. reported that strong profits and improvements in asset quality contributed to a strong earnings quarter for the banking industry, though capital declined and securities losses remained elevated.
The BankChain Alliance has signed up 37 state bankers associations, which are bringing along many of their nearly 4,000 members.
Community banks stand to gain from the proliferation of stablecoins. Organized programs meant to convince community bankers that stablecoins will drain their deposits are disingenuous.
Most Americans are seeing their expenses go up, and lots of them are changing their spending habits as a result, which is sapping the economy's momentum.
In recent years, U.S. tuition costs and student debt have skyrocketed. A number of credit unions have stepped up to help their employees handle the bills.
In an age of employee burnout, credit unions stand out as places where workers are unusually satisfied with their jobs. Here are the best 70 to work for.
Firms are using AI more than ever, but few have adopted clear policies outlining human oversight or how third-party vendors should handle cybersecurity.
Thomas Eide's CB Surety ran small charges on prepaid cards to dilute clients' charge-back ratios, keeping open the accounts banks would have closed.
As wealth tax proposals pop up around the country, advisors guide clients through assessing how these factors change the equation of financial planning.
The big box retailer was a notorious holdout, but payment analysts said consumer annoyance and the coming of agentic payments are weighing against the data control enjoyed by keeping Apple outside.
Press an "easy button" for an internal succession or go the harder, often more lucrative route of leaving an employee brokerage to sell an independent practice? A new report from one recruiting firm shows which lane most advisors choose.
The law, which takes effect Jan. 1, will require banks to clearly disclose the use of AI in decisions that affect customers, show customers all data used by AI to deny a loan or new account, and give people a way to correct any inaccuracies.
Democrats' chances of flipping the upper chamber were long going into the campaign season but have improved in recent weeks. Here are some of the key individual races that will affect bankers the most.
The Japanese automaker pulled its bid for an industrial lending arm following "an evaluation of the initiative's scope, timing and requirements" and a difficult fiscal year.
The Texas Ratio, which tracks banks with underwater loan portfolios, is a reality check for the health of community banking.
Consumers are confused about FDIC coverage for fintechs, placing the same amount of trust into nonbank payment companies that do not provide the same deposit protection.
Rick Simonetti knows it's not easy recruiting private bankers and then moving their clients and assets. That hasn't stopped him from building Fidelis Capital into a $3 billion firm built largely on bankers pulled from Wells Fargo and Bank of America.
As regulators look to finalize the Basel III endgame rules, they would do the banking industry and American homebuyers a service by recognizing the risk-reducing role mortgage insurance plays on bank balance sheets.
There wasn't just one recipe for landing among the top-performing banks with $50 billion or more in assets. There were two — or, in some cases, a mix of both.
Drawing from both 9/11 and the 2023 Silicon Valley Bank failure, KBW's CEO Tom Michaud talks about the need to modernize deposit insurance to prevent digital bank runs.
Tioga-Franklin Savings Bank's failure is expected to cost the Deposit Insurance Fund $5.5 million. It is the fifth bank to fail this year, the most since 2023.
The Office of the Comptroller of the Currency has granted Sau Paulo-based Itaú Bank — the largest bank in Latin America — permission to set up shop in Miami.
The bank's decision to transfer two of its exchange-traded funds to the Texas Stock Exchange is an effort to better align the funds with their investment thesis, the bank said.
The U.S. Court of Appeals for the 8th Circuit is set to decide whether a lower court's decision that found the Federal Reserve mispriced debit interchange limits in the Durbin Act stands. Analysts say the battle will pressure banks toward faster payment options.
Brent Reston will serve as BMO Financial Group's inaugural chief digital officer; LCNB Corp. appoints Susan Zaunbrecher to its board; HSBC and Standard Chartered complete a bank-to-bank tokenized deposit transaction on Swift's blockchain-based ledger; and more in this week's…
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