Banking News and Analysis | Banking Dive
WEBFive Star Bank expands, eyeing First Republic, Signature customers. The $3.7 billion-asset commercial bank seeks to capitalize on the absence of failed San Francisco-area banks by snagging some of their former employees and emphasizing customer service. Banking Dive provides in-depth journalism and insight into the most impactful news and ...
Innovation may slow amid bank-fintech partnership scrutiny: …
WEB1 day ago · Dive Insight: Bank-fintech partnerships have faced increased oversight from regulators over the past year, with the Federal Deposit Insurance Corp., the OCC and Federal Reserve issuing consent orders to banks working with fintechs. In the aftermath of the Synapse bankruptcy case — in which more than 100,000 customers have been locked out of accounts with partner banks amid disputes over the ...
8 crucial reactions to the capital requirements preview
WEB7 hours ago · Here are 10 of the most crucial comments. 1. “Obviously 10 is better than 20,” Daniel Pinto, JPMorgan Chase president. “The issue is we have no idea what they have changed,” Pinto, the No. 2 executive at the nation’s largest bank, said Tuesday, according to Reuters. JPMorgan will look closely at changes in how the revamped proposal ...
Citi’s chief accounting officer exits | Banking Dive
WEB1 day ago · Citi’s chief accounting officer exits. Johnbull Okpara has left the bank after nearly four years to pursue another opportunity, according to an SEC filing Tuesday. Robert Walsh was named interim CAO. People walk by a CitiBank location in Manhattan on March 01, 2024 in New York City. Spencer Platt / Staff via Getty Images.
Airwallex eyes embedded payments in globalization push
WEB14 hours ago · First published on. After seeing annual processing volumes spike by more than 73% to exceed $100 billion, global payments provider Airwallex is hoping to keep up the momentum of its current “hyper growth” phase, said Ravi Adusumilli, the company’s executive general manager for the Americas. The company, founded in …
Banking News and Analysis | Banking Dive
WEBFive Star Bank expands, eyeing First Republic, Signature customers. The $3.7 billion-asset commercial bank seeks to capitalize on the absence of failed San Francisco-area banks by snagging some of their former employees and emphasizing customer service. Banking Dive provides in-depth journalism and insight into the most impactful news and ...
Truist approves $4.5M bonuses for CFO, top consumer banker
WEBSep 3, 2024 · Truist is giving CFO Mike Maguire and Dontá Wilson, the bank’s chief consumer and small-business banking officer, “leadership awards” valued at $4.5 million, according to a Friday filing with the Securities and Exchange Commission. The awards, in the form of performance share units, were given “to support the retention of key ...
Fintech News - Banking Dive
WEBAug 29, 2024 · Fifth Third’s Newline to expand Stripe’s embedded financial services. “Maybe we’re just a little too Midwest humble about it, but Newline isn’t new to this,” Newline GM Tom Bianco said. Working with Stripe, he said, reinforces that it is, and has been, “a real force.”. By Gabrielle Saulsbery • July 31, 2024.
Banking News and Analysis | Banking Dive
WEBCiti’s Mark Mason tops list of highest-paid bank CFOs Mason, who took in $15 million in 2022, regained the compensation title from Bank of America's Alastair Borthwick, who led in 2021 but slipped to third last year, behind Mason and Wells Fargo’s Mike Santomassimo.
Deep Dive - Banking Dive
WEBJan 10, 2024 · Cannabis-friendly banks face pressure to differentiate. Banks have used risk-based pricing and non-interest-bearing accounts to justify the high cost and labor associated with banking the sector. But as more players enter the game, firms weigh rethinking their strategies. Anna Hrushka • Sept. 26, 2023.