American Banker

APRIL 30, 2024

A 50% growth in losses from check fraud last year is pushing bankers in Illinois to ask regulators for a joint supervisory guidance and tougher enforcement of large banks' "know your customer" compliance.

Fraud 45

Fraud Illinois Compliance Regulation 45

American Banker

APRIL 30, 2024

Consolidation has slowed since the pandemic, but UMB's agreement to buy Heartland Financial — the largest deal in three years — is one of several merger announcements in the past two weeks. Talks among other potential buyers and sellers are said to be picking up.

Community Bank 91

Community Bank Community Compliance Regulation 91

American Banker

APRIL 30, 2024

In this month's roundup of top banking news: Navy Federal Credit Union officially launches its overseas banking program, Republic First Bank in Philadelphia falls to capital troubles and investor outrage, deeper looks at talks between Discover and Capital One and more.

Philadelphia 74

Philadelphia Capital Industry Compliance 74

American Banker

APRIL 30, 2024

The failure of Republic First isn't a systemic threat or even a surprise. But the conditions that led to its failure are not all that unique and may foreshadow a secular rise in bank consolidation — one that policymakers can either embrace or resist.

System 68

System Policies Compliance Regulation 68

American Banker

APRIL 30, 2024

Toronto-Dominion Bank has taken an initial provision of $450 million in connection with U.S. investigations into its anti-money-laundering practices and said it expects additional penalties to come.

Compliance 36

Compliance Regulation 36