Banks that acquire other banks must take care in merging together tech stacks
Here's what any bank should think about when planning for a tech stack merger, per American Banker.
Banking groups call on the SEC to investigate trading misconduct amid increase in short selling
Regional bank stocks are tanking even though their fundamentals are sound. Short selling might be a reason.
Concentration vs. competition: Is 4,000+ banks too many for the US, or just right?
There are pros and cons for this large competitive field, and no definitive answer on whether it causes financial instability.
The Fed's findings from its SVB investigation reflect accountability and signal change ahead
Sharing results from its examination of SVB's collapse, the Fed admits it should have done more.
First Republic's Q1 earnings show it's still struggling while other regional banks are on the road to recovery
While most US regional banks have moved past last month's turmoil, First Republic is pulling out all the stops to survive.
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Identity fraud is costing banks big, and it's burdening small banks the most
Small banks often don't have real-time data capabilities. Partnering with a fraud-focused fintech could be a solution.
A chaotic Q1 suggests US banks' earnings will be muted and outlook uncertain
Even with a booming start, the first quarter of the year quickly became unstable after multiple banks collapsed.
IMF calls on global financial regulators to step up supervision of nonbank financial institutions
The IMF published a blog post flagging the risks these unregulated NBFIs pose, and called on regulators to buckle down to contain them.
Yellen and the Fed check in after the banking sector's rough week
Secretary Yellen emphasized its stability and endorsed the rescue efforts. The Fed gave a picture of emergency lending.
Goldman Sachs weighs its options for lagging consumer-facing business
But it also isn't ready to give up on the main street consumer. Moving forward, the unit faces many hurdles to overcome its losses.
The technology gap at Black financial institutions is an opportunity for empowering partnerships
Roughly 80% of non-Black credit unions in the US offer online banking services. That number falls to just about half among Black credit unions
Wells Fargo adds financial planning with a personal touch to its mobile app
Life Sync lets customers adjust their financial goals on the mobile app to get more accurate advice quickly.
UK banks show strong performance in Q4 but face unique challenges in 2023
UK banks faced unique challenges during Q4 2022. This year, the effects from persistent inflation and the failed mini-budget still lurk.
Younger US consumers struggle more with loan repayment than older cohorts
Young people are becoming delinquent on auto loans and credit card payments at a faster rate than older generations.
An Alpha Kappa Alpha sorority chapter created an affinity credit union designed to support Black women
Alpha Kappa Alpha founded For Members Only Federal Credit Union to empower Black women to build generational wealth.
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US regulators say crypto is risky but not banned—behind the scenes, though, it's a different story
US regulators are allegedly discouraging banks from working with crypto firms. That could leave them with no option but to fold.
The Fed's Barr outlines a plan to eliminate racial discrimination in banking to kick off Black History Month
The Federal Reserve and other US regulators promised to increase crackdowns on discriminatory behavior.
Banks can cash in on gamification for customers, if it's done carefully
Financial institutions are using gamification to attract new customers and teach financial literacy. But they need to know about its side effects.
Consumers want money management tools, but aren't using what their banks offer
A lack of actionable insights may be the problem. Banks should rethink how tools are developed and offered.
How banks can attract talent amid the booming tech layoff trend
Focusing on culture, values, and relationships will help bring in new employees. And tech investment won't just benefit customers.