banking

Synovus lowers loan growth outlook amid surge in CRE payoffs

10/22/19

The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins.

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The public option for real-time payments is taking too long

10/01/19

There is no way to know exactly what the market will look like in 2023 or 2024 when FedNow debuts. We're working on a solution that can help our customers right away, says Luanne Cundiff, president and CEO of First State Bank of St. Charles in Missouri.

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Banks play a key role in staving off global warming

09/25/19

Here’s why we joined other banks globally in disclosing the environmental impact from loans and investments.

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Tribal leaders hope CRA plan could help bring more foreign bank help

09/13/19

Native American tribal leaders are hoping foreign banks might step in to provide added assistance if regulators act on a plan leaders have put forward to designate Indian country as its own area under the CRA.

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Dimon: Treasury’s GSE plan ‘going in the right direction’

09/10/19

JPMorgan CEO Jamie Dimon said at an investor conference that the Trump administration's plan for Fannie and Freddie would provide more opportunities for financial institutions. He also called for an end to the U.S.-China trade war and weighed in on the prospect of interest rates falling to zero.

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Wells Fargo hires payments vet Colleen Taylor to lead merchant services

08/12/19

Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.

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Walmart crypto coin patent could be a back door to banking

08/02/19

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank account.

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Capital One systems breached by Seattle woman, U.S. says

07/29/19

Capital One Financial Corp. lost data from as many as tens of millions of credit card applications after a Seattle woman hacked into a cloud-computing company server, federal prosecutors in Seattle said.

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Political upheaval could hinder Puerto Rico's recovery, bank CEOs say

07/24/19

The heads of the island's largest banks are worried that ongoing protests over government corruption and other scandals are a setback to an economy slowly rebounding from the devastating hurricanes of 2017.

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First Tennessee, Capital Bank to be rebranded as First Horizon

06/11/19

The Memphis, Tenn., company said a common corporate identity for all its units made sense given a recent acquisition and its growth ambitions.

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