Sun.Jun 25, 2023

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Americans paid 14% more for financial services last year: Report

American Banker

Rising interest rates on loans, greater borrowing and higher fees on deposit accounts all contributed to the increase. "Altogether, this paints a picture of debt that could really start to strain the checkbooks of American families," said Meghan Greene, a researcher at the nonprofit organization that authored the report.

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£5m Surrey mansion at centre of row over Russian bank sanctions loophole

TheGuardian

Lawyers claim the assets of a Russian banker accused of fraud can be legally sent to a bank controlled by Vladimir Putin The £5.3m sale of a 12-bedroom mansion in Surrey involved in a case of alleged banking fraud is heading for the high court in a bid by lawyers to send some of the proceeds to one of Russia’s state-controlled banks. Lawyers believe some of the money can be transferred to one of Vladimir Putin’s state-controlled banks, the National Bank Trust, without any breach of sanctions.

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Bowman: Fed reforms should focus on supervision and liquidity, not capital

American Banker

The Federal Reserve governor said regulatory response to this spring's bank failures should be targeted on key issues and emphasize transparency.

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Banks and Credit Unions Rethinking Priorities Amid Economic Uncertainty

The Financial Brand

This article Banks and Credit Unions Rethinking Priorities Amid Economic Uncertainty appeared first on The Financial Brand. Technology & third-party collaborations are not just value-added propositions, but fundamental elements to meet strategic banking urgencies. This article Banks and Credit Unions Rethinking Priorities Amid Economic Uncertainty appeared first on The Financial Brand.

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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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Ally Taking ChatGPT Slow, But Could Be Using It by Yearend

The Financial Brand

This article Ally Taking ChatGPT Slow, But Could Be Using It by Yearend appeared first on The Financial Brand. Ally’s digital-only bank moves carefully to ensure that when the time comes, ChatGPT writes a success story. This article Ally Taking ChatGPT Slow, But Could Be Using It by Yearend appeared first on The Financial Brand.