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US Banks Turn to Technology To Compete Against FinTechs

US Banks Turn to Technology To Compete Against FinTechs

Traditional banks lack the underlying technology to undertake digital transformation reveals ISG report
Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms

Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms

“That’s not our job. We don’t tell banks which sectors to lend to”, the Federal Reserve said
Banking Trade Group Urges CFPB to Further Study Overdraft Use

Banking Trade Group Urges CFPB to Further Study Overdraft Use

Follows December’s overdraft report from bureau which considered additional policy guidance
Fed set to automate non-merger-related adjustments to member banks’ capital stock subscriptions

Fed set to automate non-merger-related adjustments to member banks’ capital stock subscriptions

The Federal Reserve has finalized a rule to automate non-merger-related adjustments to member banks’ subscriptions
First Financial Bank President to Join Federal Reserve Bank of Cleveland Board

First Financial Bank President to Join Federal Reserve Bank of Cleveland Board

Archie Brown has been president and CEO of First Financial Bank since 2018
Civista to acquire Comunibanc for $50.2 million

Civista to acquire Comunibanc for $50.2 million

The merger will create a company with total assets of approximately $3.3 billion
Citi to exit consumer and small business banking in Mexico

Citi to exit consumer and small business banking in Mexico

Decision is part of a wider strategic refresh
Banks Need to Expand Hybrid Banking Options to Survive

Banks Need to Expand Hybrid Banking Options to Survive

COVID-19 has caused significant numbers of people to want to limit social contact in public places for the time being
US Regional Bank M&A Activity Continues Amid Increased Regulatory Scrutiny

US Regional Bank M&A Activity Continues Amid Increased Regulatory Scrutiny

2021 saw several US banks announce new transactions despite simmering regulatory pressure
Banks Earning Over $10m Experience Spike in Fraud Attempts in 2021

Banks Earning Over $10m Experience Spike in Fraud Attempts in 2021

Fraud cases increased by 343 between 2020 and 2021
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