Banking News and Analysis | Banking Dive
WEBTDECU fell victim to last year’s MoveIt data breach, but only found out in July. The credit union said the incident is not expected to impact its acquisition of a Louisiana bank. Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
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 ...
TD CEO Bharat Masrani to retire in April | Banking Dive
WEB1 day ago · Dive Brief: TD CEO Bharat Masrani will retire April 10, and Canadian personal banking head Raymond Chun will succeed him as the bank’s next CEO, the lender said Thursday. “We are navigating a difficult moment, and I am confident that Ray's leadership will successfully guide this great institution into the future,” Masrani said in a news release.
Retail Banking News | Banking Dive
WEB2 days ago · EverBank to buy Michigan’s Sterling Bank for $261M. The deal includes 25 branches, $900 million in loans and $2 billion in deposits; but not Sterling’s sole Michigan branch or its $372.9 million portfolio of residential tenant-in-common mortgage loans. By Gabrielle Saulsbery • Sept. 16, 2024.
CFPB wants banks to prove overdraft opt-ins | Banking Dive
WEB2 days ago · The CFPB in January proposed reducing — to between $3 and $14 — the overdraft fees charged by banks with more than $10 billion in assets. Under the proposed rule, banks would classify overdraft charges as extensions of credit, making them subject to the same consumer protections as credit cards under the Truth in Lending Act.
Banking Technology News | Banking Dive
WEB4 days ago · Open technology empowers banks to thrive in a dynamic digital world. Today’s banking and financial services industry is characterized by constant, rapid change. By Joe Gomez - General Manager for US Mid-Market Core …
Fed payments proposal pits big banks against small rivals
WEB2 days ago · The proposal is seen by the biggest U.S. banks, and some large derivatives exchanges, as a smart way to increase the efficiency of the U.S. payments systems, according to some of the roughly 140 comments filed by the Sept. 6 deadline. But to small community banks and credit unions, the proposal has prompted concerns about increased labor and technology costs; more fraud threats and a ...
Commercial Banking News | Banking Dive
WEB4 days ago · Five 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. By Caitlin Mullen • Aug. 27, 2024.
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.
Banking Risk News | Banking Dive
WEBSep 12, 2024 · TD’s US branch opening plans have slowed ‘dramatically,’ CEO says. As the bank tackles its anti-money laundering issues and sets aside money for expected penalties, TD CEO Bharat Masrani indicated plans to open branches in the U.S. have been reduced. By Caitlin Mullen • Sept. 4, 2024.