News Topic: banking
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Most Powerful Women to Watch: No. 15, Reading Cooperative Bank's Julieann Thurlow
Most Powerful Women to Watch: No. 4, Citigroup's Mary McNiff
Why debt limit standoff could be worrisome for banks
Who's afraid of the digital dollar?
Financial services advisory firms merge to form Aite-Novarica Group
Goldman Sachs starts to offer transaction bank services in U.K.
Why so many banks are getting dropped from the Russell 3000
As fintechs develop 'super apps,' are banks partners or rivals?
How Square's bank can use bitcoin profits to promote financial inclusion
The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets. ... Read full article
Introducing Access Denied: Systemic racism in financial services
This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system. ... Read full article
Square to invest $100 million in minority communities, entrepreneurs
Square is moving to help minority and underserved groups by investing $100 million in nonprofit financial institutions and Black-owned businesses. ... Read full article
Colo. 'true lender' settlement is path forward for bank-fintech partnerships
The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators. ... Read full article
How COVID-19 cratered customer acquisition, profitability
New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones. ... Read full article
Congress was wrong to leave PPP disbursement up to banks
Elected officials are better off deciding who’s most deserving of federally backed coronavirus relief funds for small businesses. ... Read full article
The $2T stimulus isn't a ‘bailout.’ It’s a ventilator.
Critics who argue this crisis mirrors the 2008 financial panic when Congress bailed out banks have it wrong. The new relief package in response to the coronavirus pandemic was necessary to save livelihoods, and more can be done. ... Read full article
Speed matters during a crisis. Here's how tech can help.
Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship. ... Read full article
'Crossover hiring' can address the gender gap in fintech
As the fintech industry looks for ways to bring on more women, crossover hiring — recruiting from traditional financial services firms to fintechs — has emerged as an effective strategy, Donna Parisi of Shearman & Sterling and Michelle Tran of NYC ... Read full article
Ending the credit union tax exemption hurts everyone
The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy. ... Read full article
Highest Loan/Deposit Ratios Among Bank Holding Companies
Year to date Jun. 30, 2019. Dollars in thousands. ... Read full article