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Rising leaders honored at Most Powerful Women in Banking Next awards. The American Banker award ceremony, which celebrated 15 women honorees 40 years or younger nominated for having C-suite potential by an executive at their institutions, took place at The Glasshouse in New York City. By Joey Pizzolato. October 24.
Why banks are closing so many branches | American Banker
Feb 27, 2024 · In recent years, closing branches has often proven integral to deal-related cost-cutting. National and regional banks have led the branch downsizing charge, mostly because they have the largest networks and therefore the most cutting to do. However, banks of all sizes are shifting investments away from physical locations and toward digital ...
20 banks with the biggest commercial real estate loan portfolios
Jun 30, 2022 · The top five banks in our ranking had a combined commercial real estate portfolio of nearly half a billion dollars at the end of 2021. With several leaders growing by more than a third last year, others saw year-over-year increases of more than 120%. Scroll through to see which banks made the top 20 and how they fared in the 12 months ending in Dec. 31, 2021.
Payments Industry News & Analysis | American Banker
Nov 1, 2024 · How payments executives are leading the AI revolution. Honorees from 2024's Most Influential Women in Payments, representing companies such as MoneyGram, Walmart, Segpay and more, share insights into how how artificial intelligence is changing their companies and their industry. By John Adams. February 27. 8 Min Read.
Industry News - American Banker
The Honolulu-based seller had faced pushback from an investor group that stepped in with a competing offer. But it ultimately secured enough votes to approve the sale to Hope Bancorp. Stay informed with the latest industry news and trends. From major updates to critical changes, our coverage keeps you ahead in the world of benefits and HR.
Data breach affects 57,000 Bank of America accounts
Feb 13, 2024 · An unauthorized party — apparently a ransomware group known as LockBit — accessed the customers' information through Infosys McCamish's system, not Bank of America's, according to a letter Infosys McCamish sent to affected customers, published by Maine's attorney general. Bank of America provided standard two-year …
The companies at the forefront of real-time payments
Jul 4, 2022 · The RTP network has developed faster than the Federal Reserve's real-time payment project, which is still in testing. The central bank-backed FedNow rail is not set to launch until 2023, though it has attracted at least 110 banks for pilots, including Wells Fargo and First Internet Bancorp. The FedNow rail will allow bank transfers, prepaid card loads, payroll disbursements, bill pay and real ...
American Banker Magazine
Banks Take on Marketplace Lenders. November 18. The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
Glossary of banking terms - American Banker
An individual or business that is obligated to pay on an account, chattel paper, contract right, or general intangible. Account reconciliation services. A cash management service. One or more of a series of bank services designed to aid a deposit customer in the …
BBVA Compass rebranding as BBVA - American Banker
Apr 24, 2019 · BBVA Compass will drop Compass from its name and be known simply as BBVA, the company said on Wednesday. The subtle renaming is part of a broader change by its Spanish parent company Banco Bilbao Vizcaya Argentaria to unify its brand worldwide. In the months ahead, BBVA is dropping its local names in Argentina, Mexico, Peru and the U.S.