US regulator pauses plans to scrutinize asset manager stakes in banks
A top U.S. bank regulator on Thursday shelved a vote to impose stricter oversight on asset managers like BlackRock and Vanguard that have big passive stakes in banks, despite officials agreeing the matter merited more attention.
20 Most Profitable Banks in the US in 2024
In this piece, we will take a look at the 20 most profitable banks in the US in 2024.
Union with little inroads at banks tries to organize Wells Fargo workers in Charlotte
On a recent Friday, more than 20 labor activists stood outside Wells Fargo operations in uptown and the university area of Charlotte, passing out flyers to employees about their right to form a union — a move sure to displease the bank bosses.
Salesforce wants to help banks resolve transaction disputes faster with generative AI
The new generative AI capabilities announced today include Transaction Dispute Management and Einstein Copilot Banking Actions, which combine transaction data from customer’s banking platforms with insights from Salesforce’s Financial Services Cloud and customer relationship management systems.
New US Senate Bill Could Encourage Banks to Enter Stablecoin Market: S&P Global
According to global ratings firm S&P Global Ratings, a new bill focused on stablecoins introduced to the United States Senate has the potential to incentivize U.S. banks to enter the stablecoin market.
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks
The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption.
Israel's cutting off Palestinian banks from global system 'would be violation of int'l law': UN experts
UN experts in a statement on Thursday warned that unilaterally cutting off Palestinian banks from the global banking system would be "a violation of the fundamental principles of international law."
Asian Central Banks Face Policy Dilemma From Fed Rate-Cut Delay, FX Crunch
Lowering rates before the Fed does risks adding pressure to already-weak Asian currencies
Banks could flood into stablecoins if new bill passes: S&P Global
A new stablecoin-focused bill introduced to the United States Senate could “encourage” U.S. banks to step into the stablecoin market, says global ratings firm S&P Global Ratings.
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