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3 days ago · Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
John Adams - American Banker
John Adams is executive editor of payments for American Banker.
USAA - American Banker
For the third time in five years, the Office of the Comptroller of the Currency issued an enforcement action against the beleaguered bank. It bars USAA from adding new products or loosening its membership criteria without evaluating the risks of getting bigger.
American Banker November/December 2024
From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).
15 most recent bank failures - American Banker
Oct 24, 2024 · Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday's demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other institutions.
A Connecticut bank enlists fintech help to boost small-dollar lending
Oct 2, 2024 · Core services provider FIS announced a digital small-business lending initiative employing Lendio's software as its backbone this summer.. Bankwell's plans come amid an ongoing push by SBA Administrator Isabel Casillas Guzman for more small-dollar lending in the agency's flagship 7(a) program.
Largest Privately Owned Banks in the U.S. | American Banker
Nov 12, 2012 · The $8.1 billion-asset bank is owned by the family of Howard Milstein. Earlier this year, a House panel approved a measure allowing Emigrant to avoid higher capital standards imposed by the Dodd-Frank Act, though lawmakers have taken no further action on the measure.
Grasshopper Bank to acquire AAA Club savings bank
Oct 8, 2024 · The all-digital Grasshopper Bank, whose chairman and CEO is Michael Butler, will vault from $835 million of assets to $1.4 billion and gain a potential audience of 13 million Auto Club Group customers in 14 states. Joseph Richardson is president and CEO of Auto Club Group.
AB Resources - American Banker
Financial institutions (FIs) are facing an increasing number of challenges to their organizations including AI and other new technologies, regulatory changes, increasing competition and open banking – all with a common thread that binds them together – data.
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.