A regional bank chief's case for the long view

07/21/19

Weighing in on interest rate and other uncertainties facing all banks, Citizens Financial CEO Bruce Van Saun emphasized investments in point of sale, digital banking and other initiatives meant to enhance revenue down the road.

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Equifax nears $700 million settlement of probes into data breach

07/19/19

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.

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Russell E. Hogg, former Mastercard CEO, dies

07/19/19

During his time with the company, Hogg directed its transformation from Interbank to Mastercard and helped expand the card brand's global presence.

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Regions leery of expected Fed rate cut

07/19/19

The Birmingham, Ala., company warned in its earnings call that moves by the central bank could make it harder to lower costs.

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Credit performance stabilizes at Synchrony

07/19/19

After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers.

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Who says bank advisers can't get along with robos?

07/19/19

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.

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Senior House Republican proposes credit reporting changes

07/19/19

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.

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Despite outcry, Congress unlikely to block Facebook's crypto plan

07/19/19

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

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G7 warns on Libra; N.Y. Fed chief tells central banks to be bold

07/19/19

Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.”

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Fintech’s AI plays matchmaker between banks and new markets

07/18/19

Flybits is building a marketplace to connect banks with third parties that might want to share data across channels.

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