Members of the Federal Deposit Insurance Corp. board on Tuesday debated the merits of allowing a vote on the sale of a …
August 2023
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Payments software business Elavon said it has teamed with French device-maker Ingenico to create a new Android-based handheld payments device for small …
- Banks
Bank groups urge regulators to delay CRA revamp
by WorldFinanceby WorldFinance 5 minutes readTwo banking trade groups are calling for regulators to hold off on implementing a final rule on the Community Reinvestment Act, arguing …
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Azher Abbasi, the head of supervision and credit at the Federal Reserve Bank of San Francisco, will retire Oct. 31, a spokesperson …
- Banks
Alabama credit union agrees to buy Georgia’s OneSouth Bank
by WorldFinanceby WorldFinance 4 minutes readDive Brief: Dothan, Alabama-based Five Star Credit Union has agreed to buy Macon, Georgia-based OneSouth Bank in an all-cash deal, Olsen Palmer, …
- Banks
Oklahoma bank to pay $1.15M to settle DOJ redlining probe
by WorldFinanceby WorldFinance 3 minutes readDive Brief: American Bank of Oklahoma has agreed to pay more than $1.15 million to settle an investigation into allegations the Collinsville, …
- Banks
Regulators want banks to hold more debt to shield against failures
by WorldFinanceby WorldFinance 3 minutes readRegulators on Tuesday unveiled a proposal that would require banks with more than $100 billion in assets to issue more long-term debt, …
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Goldman Sachs is selling part of its wealth management business to independent wealth manager Creative Planning for an undisclosed price, the bank …
- Banks
Goldman to pay $5.5M CFTC fine over alleged recordkeeping failures
by WorldFinanceby WorldFinance 3 minutes readGoldman Sachs will pay $5.5 million to settle charges it failed to properly keep records of staff mobile-phone calls, and for breaching …
- Banks
UBS, JPMorgan alum Youngwood named next Nasdaq CFO
by WorldFinanceby WorldFinance 2 minutes readNasdaq named JPMorgan Chase and UBS veteran Sarah Youngwood as its next CFO on Tuesday. Youngwood will start in her role Dec. …