Archegos Founder Bill Hwang Is Sentenced to 18 Years

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Archegos Founder Bill Hwang Is Sentenced to 18 Years Archegos Founder Bill Hwang Is Sentenced to 18 Years

Mr. Hwang was convicted in July for his role in the collapse of his investment firm that caused..
Capital One Customers Complain of Being Locked Out of Accounts Capital One Customers Complain of Being Locked Out of Accounts

The company said a technical issue with a third-party vendor was to blame for a disruption with..
Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes Trump Chose 8 Economic Experts Who Will Defend Tariffs and Lower Taxes

President-elect Donald J. Trump has moved beyond the team-of-rivals approach from his first term..
Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account

After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and..
Markets Rally, Shaking Off Threat of Government Shutdown Markets Rally, Shaking Off Threat of Government Shutdown

The S&P 500 jumped after a November inflation reading helped ease worries. A partial government..
Jim Leach, Iowa Republican Who Extolled Moderation, Dies at 82 Jim Leach, Iowa Republican Who Extolled Moderation, Dies at 82

During his 30 years in Congress, he resisted his party’s rightward tilt. He endorsed Barack Obama..
High on Hope, Wall St. Hears What It Wants From Trump High on Hope, Wall St. Hears What It Wants From Trump

Investors and executives are often emphasizing what they like in the president-elect’s agenda,..
Jerome Powell and the Fed Head for Another Collision with Trump Jerome Powell and the Fed Head for Another Collision with Trump

Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared ..
Bank of America Flagged Suspicious Payments to Epstein Only After He Died Bank of America Flagged Suspicious Payments to Epstein Only After He Died

Senate staff members are urging that Bank of America be investigated for the way it reported..
Transactions: Citizens First Bank taps WaveCX Transactions: Citizens First Bank taps WaveCX

Citizens First Bank is tapping fintech WaveCX to enhance digital engagement between banking..
Banks balance physical, digital demands Banks balance physical, digital demands

Financial institutions are balancing their investment in physical branches and digital capabilities ..
ConnectOne Bank to fully implement Mantl, ZSuite software by yearend ConnectOne Bank to fully implement Mantl, ZSuite software by yearend

ConnectOne Bank is finalizing the implementation of technology by account origination solutions..
FIs look to UK, EU to prepare for open banking FIs look to UK, EU to prepare for open banking

U.S. banks are enhancing tech stacks with APIs, collaborating with vendors and drawing insights..
Russia’s Economy Is Slowing, Opening Fissures Over Policy Russia’s Economy Is Slowing, Opening Fissures Over Policy

The slowdown is worrying for the Kremlin but not serious enough to significantly hobble its war..
Instant payments ‘really kick up’ during holidays Instant payments ‘really kick up’ during holidays

The Clearing House’s Real Time Payments network is seeing growth in adoption and transaction volume ..
The Markets Cheer Trump’s Treasury Pick, Scott Bessent The Markets Cheer Trump’s Treasury Pick, Scott Bessent

Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the..
75% of FIs increased tech spend this year 75% of FIs increased tech spend this year

Banks and credit unions prioritized digital integration in 2024, with 75% saying they increased..
How Trump’s Plans for Immigration, Tariffs and the Fed Could Affect the Economy How Trump’s Plans for Immigration, Tariffs and the Fed Could Affect the Economy

Economists are trying to guess at how Trump policies could affect growth and inflation. The..
Santander Commercial Bank to build on 2024 innovations Santander Commercial Bank to build on 2024 innovations

Santander Bank plans to build on its 2024 innovation efforts in 2025 following the launch of five..
Skyla Federal Credit Union speeds up digital onboarding by 70% Skyla Federal Credit Union speeds up digital onboarding by 70%

Skyla Federal Credit Union switched consumer loan operating systems in July to meet growing demand..
BNY, Citizens, Truist train employees on AI BNY, Citizens, Truist train employees on AI

Financial institutions and tech providers are teaming up to develop training programs to help bank..
Former Truist CIO Scott Case joins Prudential Financial Former Truist CIO Scott Case joins Prudential Financial

Scott Case, former Truist Financial chief information officer, started in his new role as executive ..
China Reveals $1.4 Trillion Plan to Bail Out Local Governments China Reveals $1.4 Trillion Plan to Bail Out Local Governments

The massive support package came after a series of smaller measures in recent weeks were announced..
Trump’s 2nd-Term Agenda Could Transform Government and Foreign Affairs Trump’s 2nd-Term Agenda Could Transform Government and Foreign Affairs

The president-elect could reshape government and may dramatically transform foreign and domestic..
Truist developing intelligent router for efficient payments Truist developing intelligent router for efficient payments

Truist Financial is developing an intelligent router system that can direct payments quickly..
As Election Nears, Foreign Leaders Fear ‘a Vacuum’ in American Leadership As Election Nears, Foreign Leaders Fear ‘a Vacuum’ in American Leadership

President Biden hosted his final pre-election international visitor in the Oval Office, where the..
SEC chair warns of ‘AI washing’ SEC chair warns of ‘AI washing’

LAS VEGAS — Securities and Exchange Commission Chair Gary Gensler is warning companies against “AI..
Read a letter from Sam Bankman-Fried’s father. Read a letter from Sam Bankman-Fried’s father.

Over the past nine months, the parents of Mr. Bankman-Fried, Ms. Ellison and Mr. Singh have written ..
Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry

The penalties and customer refunds stem from an investigation by the Consumer Financial Protection..
MSUFCU’s Ashbrook to join speaker faculty at Bank Automation Summit U.S. 2025 MSUFCU’s Ashbrook to join speaker faculty at Bank Automation Summit U.S. 2025

Ashleigh Ashbrook, vice president of digital service experience at Michigan State University..
US banks prepare for new era of consumer financial data sharing US banks prepare for new era of consumer financial data sharing

US banks will now have to give customers access to their financial data after the top consumer..
Armed Forces Bank boosts fraud prevention in 2024 Armed Forces Bank boosts fraud prevention in 2024

Dickinson Financial Corp., the holding company for $1.3 billion Armed Forces Bank, implemented an..
Commonwealth automates majority of underwriting with AI Commonwealth automates majority of underwriting with AI

Commonwealth Credit Union is using Zest AI’s underwriting solution to speed up customer service and ..
Wells Fargo opens innovation hub in California Wells Fargo opens innovation hub in California

Wells Fargo’s Innovation Center in Menlo Park, Calif., is hosting meetings with partners and..
Ally focuses on digital experience in face of outflows Ally focuses on digital experience in face of outflows

Ally Financial expects deposits to flow out as interest rates go down, but it is looking to digital ..
Morgan Stanley gen AI exec Picariello to be fireside speaker at Bank Automation Summit U.S. 2025 Morgan Stanley gen AI exec Picariello to be fireside speaker at Bank Automation Summit U.S. 2025

Bank Automation News is pleased to announce Koren Picariello, an executive director at Morgan..
U.S. Bank invests in branch modernization in Q3 U.S. Bank invests in branch modernization in Q3

U.S. Bank increased its technology spend in the third quarter to further digitalize capabilities..
Transactions: PayNearMe, PayPal expand integration Transactions: PayNearMe, PayPal expand integration

Payments platform PayNearMe announced Oct. 3 that it will integrate PayPal’s full-stack processing..
Talks Between European Banks May Kick-Start More Cross-Border Deals Talks Between European Banks May Kick-Start More Cross-Border Deals

Investors are cheering a possible tie-up between UniCredit of Italy and Germany’s Commerzbank, but..
Grasshopper reduces manual reviews with Alloy risk solution Grasshopper reduces manual reviews with Alloy risk solution

Grasshopper Bank has reduced manual reviews in its onboarding process by 57% through fintech..
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