News Topic: U.S.
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Revolut makes remittances a priority as it enters the U.S.
New EU tax rules stand to stimulate cross-border payments for U.S. merchants
In Plaid, European neobanks find an open banking passport
Why Diem chose to be regulated in the U.S.
Financial firms confront the threat of central bank digital currencies
How open banking can transform the U.S. payments market
U.S. banks and payment companies are looking to Europe's example to see how open banking can push the market beyond its reliance on credit and debit cards. ... Read full article
Digital dollar seems inevitable, but details remain fuzzy
The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen. ... Read full article
How Citi and Flywire sped payments to get PPE from China to Boston
The shortage of personal protective equipment (PPE) for medical workers is one of the most troublesome elements of the coronavirus outbreak, though prior work to declutter cross-border supply chain payments provides some hope. ... Read full article
Banks put job cuts — and more — on hold during coronavirus outbreak
While some big banks have pledged to avoid layoffs this year, hiring freezes and delayed projects are becoming the norm during the pandemic. ... Read full article
Branches brace for staff shortages, rush for cash
The coronavirus outbreak has led many banks to close branches, but for those that remain open, it's a new normal. ... Read full article
De novo activity has gone silent. What happened?
Challenging business conditions, exacerbated by coronavirus fears, have disrupted organizers' planning efforts. ... Read full article
Credit union-bank M&A has slowed. Is it a trend, or just a pause?
Credit unions could be feeling some of the heat from critics of their bank takeovers, or simply gearing up for another round of activity. ... Read full article
Credit union-bank deals may have peaked (for now)
Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year. ... Read full article
Small banks turn to subordinated debt to fund growth
Lower interest rates are allowing banks to use the cheaper capital to repay higher-cost debt and prepare for future expansion. ... Read full article
An internet banking pioneer’s view from the catbird seat
David Becker, who founded First Internet Bank two decades ago, says traditional banks' digital-only ventures are only making his bank look more mainstream. ... Read full article
Santander pivots to Americas as growth in Europe stalls
Ana Botin, the Spanish banking giant's chairman, is counting on Santander's new digital platform to help drive expansion in the U.S. and Latin America. ... Read full article
Three bank failures in one week: A blip or something worse?
Recent closings could portend a stiffer regulatory stance on capital adequacy and risk. ... Read full article
Outdated policies frustrate banks' deposit-gathering efforts
Panelists at the ABA's annual conference said that reviewing and updating procedures and marketing tactics can help bring in more accounts. ... Read full article
Tight labor market, policy fights top of mind for small-bank CEOs
It's difficult to recruit and retain talent amid low unemployment, while uncertainty about GSE and BSA reform makes planning harder, bankers said at the ABA convention. ... Read full article