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‘Systemic’ Cyberattack Presents Real Risk for US Banks

‘Systemic’ Cyberattack Presents Real Risk for US Banks

Research from Fitch finds even well-prepared banks could suffer from ‘tail events’ from major cyberattacks
North America Leads the Charge in Cloud-Based Banking

North America Leads the Charge in Cloud-Based Banking

Survey by Harris Poll and Google Cloud reveals global take-up of cloud computing technology
US Bank, Congressional Bank Strike Fintech Partnership Deals

US Bank, Congressional Bank Strike Fintech Partnership Deals

US Bank has agreed to buy Bento Technologies for an undisclosed sum
Top Banks’ Capital Buffers Revealed

Top Banks’ Capital Buffers Revealed

Large banks will have capital requirements of up to 13.4%, to ensure their survival in a severe recession and to still be able to lend
Rob Nichols, CEO of the American Bankers Association (ABA)

ABA CEO Hits Out at Credit Union M&A Spree

Rob Nichols has called on Congress to intervene and cut the number of credit unions buying up banks
Jobs Bulletin: Wells Fargo Chair Noski to Retire

Jobs Bulletin: Wells Fargo Chair Noski to Retire

Plus: New CEO at BOK, and appointments at Stride Bank, Oxford Bank, USAA and HSBC
First Financial Expands into Kentucky with Hancock Purchase

First Financial Expands into Kentucky with Hancock Purchase

The $31 million deal will add locations in four counties across the state
Bank of America: Client Interaction Now Mostly Digital

Bank of America: Client Interaction Now Mostly Digital

Approximately 85% of deposit transactions are made via digital or automated channels including the bank’s app
Branch Business: Horizon Buys 14 Huntington Sites

Branch Business: Horizon Buys 14 Huntington Sites

Plus: First Bank to acquire two OceanFirst branches, Bank of Southern California adds Westlake Village premises
OCC Chief Warns Banks Against ‘Complacency’

OCC Chief Warns Banks Against ‘Complacency’

Acting comptroller Michael Hsu is urging bank leaders to be “especially vigilant” in the post-pandemic era
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