Tue.Dec 26, 2023

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UK students launch Barclays ‘career boycott’ over bank’s climate policies

TheGuardian

Campaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels Hundreds of students from leading UK universities have launched a “career boycott” of Barclays over its climate policies, warning that the bank will miss out on top talent unless it stops financing fossil fuel companies. More than 220 students from Barclays’ top recruitment universities, including Oxford, Cambridge, and University College London, have sent a letter to

Policies 110
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CFPB issues annual report on college credit card agreements

CFPB Monitor

Last week, the CFPB released its twelfth annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations). .

Cards 78
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5 pivotal buy now/pay later loan trends to watch

American Banker

Despite tougher economic conditions, BNPL lenders are driving growth by expanding to new audiences and checkout channels, as well as fine-tuning proprietary risk-management models.

Trends 88
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Ex-NatWest chief’s name axed from ‘Rose review’ into female-led firms

TheGuardian

Exclusive: government to rebrand scheme amid fallout from Farage scandal that cost Alison Rose her job A state-backed review into female entrepreneurship is to be rebranded by the government as part of efforts to cut ties with the former NatWest chief executive Alison Rose, months after pushing her to resign over a scandal linked to Nigel Farage’s bank accounts.

Groups 78
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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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How banks advanced their emissions disclosures in 2023

American Banker

JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.

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Four crypto developments to watch for in 2024

American Banker

The crypto landscape is poised for significant developments in 2024, including a focus on tokenization, legislative uncertainties, a regulatory tug-of-war between the SEC and CFTC, and a potentially bullish year for Bitcoin.

Bitcoin 88
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Five of the Best: How Banks Chased Deposit and Loan Growth in 2023

The Financial Brand

This article Five of the Best: How Banks Chased Deposit and Loan Growth in 2023 appeared first on The Financial Brand. Did you miss the story on thriving in a rate war? Or Citizen's Bank's stake in the home equity market? Here are our five top stories on deposit and loan growth in 2023. This article Five of the Best: How Banks Chased Deposit and Loan Growth in 2023 appeared first on The Financial Brand.

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Where are they now? 6 Digital Banker of the Year honorees

American Banker

Michelle Moore, Tim Spence, Ankit Bhatt, Patrick Sells, Dontá Wilson and Allan Rayson have moved up, moved on or tackled new technology projects since they were recognized by American Banker for their leadership in innovation in recent years.

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Five of the Best: The Hottest Payment Trends from 2023

The Financial Brand

This article Five of the Best: The Hottest Payment Trends from 2023 appeared first on The Financial Brand. New and hot trends in payments came hard and fast in 2023, and they're only going to gain more traction in 2024 and beyond. This article Five of the Best: The Hottest Payment Trends from 2023 appeared first on The Financial Brand.

Trends 17
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Best American Banker Magazine stories for 2023

American Banker

Here is a highlight of 10 great American Banker Magazine features from the year. Topics range from redlining to the Most Influential Women in Fintech.

Fintech 78
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SEC payouts to whistleblowers plummet despite record surge in tips

American Banker

Despite the surge in tips to the Securities and Exchange Commission in fiscal year 2023, the number of whistleblowers receiving awards dropped sharply.

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Grayscale Chair Barry Silbert resigns while SEC mulls bitcoin ETF

American Banker

Grayscale Investments, the cryptocurrency-trust manager vying for U.S. approval to convert the world's biggest bitcoin trust into an exchange-traded fund, says Silbert has resigned as its chairman. He heads a related company that is the subject of lawsuits by U.S. regulators.

Bitcoin 41
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Troubled CRE loan delays merger plans for Arizona banks

American Banker

The deadline for a $28 million deal between Bancorp 34 and CBOA Financial was pushed later into 2024 after Bancorp 34, the buyer, announced it would restate third-quarter results to reflect a significant loss tied to a worsening commercial real estate credit.

Arizona 36
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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Basel endgame must rethink treatment of securities financing

American Banker

The proposal's plan for addressing securities financing transactions will lead to negative unintended consequences for multiple financial entities.

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Morgan Stanley expects record Japan revenue as BOJ fuels trading

American Banker

Morgan Stanley said it expects to record its highest-ever income from Japan as bets on a shift in the nation's monetary policy fuel a trading revival.

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20 U.S. banks with the most borrowing from FHLBs

American Banker

The top five banks have combined total advances of nearly $165 billion.

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