Fraud rate declines yet costs consumers more

Wednesday, September 11, 2024

Banks and consumers report fraud at higher rates than they did before the pandemic, and those cases have continued getting costlier.

Finding value in AI: Lessons for banks from industry leaders

Wednesday, September 11, 2024

As banks deploy AI to cut costs, some face pressure to define long-term value, Finovate speakers said this week.

M&T is feeling 'really good' about CRE loans as rates start to fall

Wednesday, September 11, 2024

The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.

Connecticut private bank draws regulatory ire

Wednesday, September 11, 2024

Fieldpoint Private Bank & Trust and its parent company entered a written agreement with state and federal supervisors pledging to address several compliance issues.

Visa pushes 'pay by bank' in the UK; Klarna faces AML heat

Wednesday, September 11, 2024

The card network is building a model for account-to-account payments, which are gaining popularity, while Swedish regulators criticize Klarna's money-laundering prevention efforts. That and more in American Banker's global payments roundup.

Mutuals see a big future in Cincinnati bank's small private placement

Wednesday, September 11, 2024

Advocates for depositor-owned banks hope Warsaw Federal's $5 million capital raise will serve as a template for institutions in need of more capital than retained earnings can provide.

Core U.S. inflation picks up, damping odds of outsize Fed cut

Wednesday, September 11, 2024

Underlying U.S. inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.

Across asset classes, the top-performing banks aren't those you expect

Wednesday, September 11, 2024

When it comes to delivering superior return on average equity, smaller banks frequently punch above their weight, according to a recent study by Capital Performance Group and American Banker.

Warren Buffett's Bank of America stock sales slow after price declines

Wednesday, September 11, 2024

Berkshire Hathaway began selling BofA shares in July and has whittled its stake down to just above 11%.

'Show them death and they'll take despair': Banks not sold on Basel III redux

Wednesday, September 11, 2024

Large banks welcomed regulators' proposed changes to last year's controversial reform package, but remain skeptical about the need for more capital.