South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY.

Community Bank 195

Community Bank Community Compliance CA 195

CFPB Monitor

AUGUST 20, 2020

federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial inequality issues, reach out to traditionally underserved populations to expand access to credit, and further protect consumers from discrimination. This blog post contains a summary of those efforts.

Regulation 78

Regulation FDIC Community Lending 78

PYMNTS

NOVEMBER 13, 2017

Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic. Bank of America also found in a fall 2017 survey that nearly three-quarters of SMBs expect their 2017 year-end revenues to beat 2016’s figures.

Taxes 105

Taxes Survey Capital America 105

Abrigo

SEPTEMBER 26, 2014

Within the financial industry, the word “regulation” often receives a mixed reaction. The “big guys” like Citigroup, Bank of America, Wells Fargo and others are required under the Dodd-Frank financial laws to release their findings publicly , as a step to prepare for the Fed’s annual check-up in the spring.

Capital 191

Capital National Regulation Risk Management 191

PYMNTS

DECEMBER 10, 2020

and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge. PayPal’s Remittance Arm Xoom Enables Low-Fee Wallet Transfers Across Africa. Xoom, PayPal's money transfer arm, is now offering clients in the U.S., Canada, U.K. Sending money to Africa through traditional channels has always been expensive.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

PYMNTS

JUNE 21, 2018

Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. billion in a new round of funding, with investors including Sequoia Capital , Kleiner Perkins Caufield & Byers , Iconiq Capital and Alphabet Inc.’s In May, the company received a valuation of $5.6

Regulation 123

Regulation Millennials California Capital 123

PYMNTS

MARCH 5, 2018

This new round of capital will help us further our mission of connecting communities around the world through last-mile delivery,” CEO Tony Xu said. SoftBank Group led the round, along with participation from GIC, Wellcome Trust and Sequoia Capital. We had a pit in our stomach,” Stack told CNN. “We

Regulation 108

Regulation Data Regional America 108

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

Taxes 144

Taxes America National Community 144

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. It was a critical day in the eyes of those at Bank of America, Chase, Wells Fargo and others at the top. During examination time, regulators are increasingly looking at a bank’s stress testing processes and resulting capital plans.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. Department of Justice on illegal financial issues affecting national security.

Bitcoin 141

Bitcoin ATM Risk Management Compliance 141

Abrigo

MARCH 25, 2020

Key Takeaways Banking regulators say short-term, COVID-19-related loan modifications shouldn't automatically be categorized as TDRs. Regulators also announced other guidance tied to reporting and risk-based capital rules. Regulators also announced other guidance tied to reporting and risk-based capital rules.

FDIC 150

FDIC Regulation Exercises Community 150

Independent Banker

MARCH 31, 2022

“I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. ICBA president and CEO Rebeca Romero Rainey echoes this sentiment.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

NOVEMBER 5, 2018

The Federal Reserve proposals will impact financial firms that have comparatively less size in terms of assets than some of their marquee brethren, where the largest companies include Goldman Sachs and Bank of America. As part of that legislation, Fed oversight had increased on banks holding between $100 billion and $250 billion in assets.

Regulation 128

Regulation Guidelines New York Groups 128

Gonzobanker

FEBRUARY 29, 2024

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. It appears nothing else matters but the urgency to get big and get there fast.

Tools 163

Tools Analytics Data System 163

PYMNTS

AUGUST 1, 2018

It is critical that we respond to the needs and concerns of Main Street America,” said Snowe in a statement. The report called on Congress to establish a national commission to conduct a comprehensive review of existing financial laws and regulations, and establish a pilot program to test the efficacy of coordinated bank examination teams.

Policies 100

Policies Report Regulation Maine 100

PYMNTS

OCTOBER 25, 2019

The months to come will see the christening of the ski slopes, the largest indoor water park in North America, and then hundreds of restaurants as well as shops, the Financial Times reported. the original developer, dropped out as did Colony Capital, its successor. Multiple attractions will make the New Jersey mall a destination.

New Jersey 100

New Jersey Groups Apple America 100

PYMNTS

JUNE 8, 2016

Billentis pointed to markets across Latin America and Asia that seem to suggest that a drastic overhaul of procure-to-pay functions in an effort to digitize and automate the process is not only possible but more effective than a gradual, incremental approach to doing so. That includes disruptive technologies. A Faster Way.

America 100

America Taxes Tools National 100

PYMNTS

APRIL 27, 2020

As Bank of America CEO Brian Moynihan said on “Face the Nation” this past week, “It’s clear that between Congress, the administration and the American people, we need to get all these funded and not make this a foot race. Banks’ websites went down, and so did the Small Business Administration (SBA’s) sites.

Columbus 149

Columbus Ohio Capital New York 149

Abrigo

APRIL 23, 2015

OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. While both bills would be seen as an improvement, they fall short of the recommendation from the Independent Community Bankers Association of America (ICBA). and Senator Pat Toomey, R-PA.,

Community Bank 150

Community Bank Community Survey FDIC 150

Independent Banker

FEBRUARY 28, 2023

So, he joined a training program at what was then Citizens & Southern National Bank, once the largest bank in the southeastern U.S., now part of Bank of America, before moving to Griffin, Ga., I got a job with First National Bank of Griffin, and I’ve been a community banker ever since.”

Community 172

Community Community Bank Georgia San Antonio 172

PYMNTS

MAY 8, 2020

Other ideas include more government action regarding competitive regulation. Patrice Frey, president and CEO of the National Main Street Center , is a proponent of supporting existing local economic development organizations like chambers of commerce, community foundations and Main Street programs.

Maine 142

Maine Groups San Francisco Lending 142

PYMNTS

APRIL 10, 2017

billion in debit and credit card fees last year, according to Nilson, and Wells Fargo, JPMorgan Chase and Bank of America are among the largest players in that area. Merchant processors earned $18.15 Japan stepped up to the plate to deliver some: On April 1, the country recognized bitcoin as a legal payment method. Yes, we checked.

Bitcoin 108

Bitcoin Data ATM New Jersey 108

PYMNTS

JULY 18, 2017

But we still believe it’s early in the market, for North America at least. A recent survey from the National Federation of Independent Businesses found that “frustration over gridlock in Washington” forced SME optimism to dip last month. In the North American market, he continued, adoption is especially lagging. “A

Software 109

Software Taxes Capital Policies 109

PYMNTS

NOVEMBER 28, 2016

banks, meanwhile, have risen in financial stability regulators’ ranks for how much of a risk they pose to the global financial system should they fail. Wells was granted some of these exemptions by the office, and reports said Bank of America and Citibank have previously seen the same in sanctions leniency.

America 100

America Guidelines Report System 100

American Banker

NOVEMBER 22, 2016

More risky: Citigroup, Bank of America and Wells Fargo pose greater systemic risks to the global financial system than they did last year and had their capital requirements increased by regulators. Receiving Wide Coverage.

America 28

America System Capital Regulation 28

PYMNTS

NOVEMBER 1, 2017

In fact, the fantasy sports sector has been growing rapidly in North America in recent years, and is now estimated to be worth roughly $7.22 Unsurprisingly, companies are looking to capitalize on that growing market. As you get into Latin America and Africa, it’s fantasy football again.”. and Canada. million in 2014 to 59.3

Payments 102

Payments Regional America Marketing 102

TrustBank

DECEMBER 8, 2022

By the 1990’s, improvements in technology and further changes to securities regulations made it easier for corporate customers to access financial markets directly. Is consumerism in America cultural? This forced banks to renew their focus on middle market commercial banking and consumers.

US 52

US Policies Taxes Washington 52

CFPB Monitor

MARCH 2, 2020

The panel, which was moderated by Paul Watkins, Assistant Director in the Bureau’s Office of Innovation, consisted of the following members: Becky Heironimus, Managing Vice President of Customer Platforms, Data Ethics and Privacy, Capital One. Chi Wu, Staff Attorney, National Consumer Law Center. John Pitts, Policy Lead, Plaid.

Data 78

Data Policies Groups Fintech 78

CB Insights

DECEMBER 4, 2019

An RBC Capital Markets report put the average annual sales of an Amazon Go location at about $1.5M. In August 2019, Greenlight raised a $54M Series B from strategic investors including Wells Fargo, JP Morgan, and investors Drive Capital , Relay Ventures , and TTV Capital. That scale would make Amazon Go a $4.5B business.

Cards 101

Cards Lending Strategy US 101

Tech and Finance

JULY 13, 2016

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. The largest national banks have pulled ahead in mobile, according a recent Forrester report — the 2016 U.S. Or at least they should be. Mobile Banking Functionality Benchmark.

Regional 28

Regional Mobile Millennials Study 28

Gonzobanker

DECEMBER 19, 2017

Heavy-handed regulators. While the Gonzo team loves to celebrate our mid-size entrepreneurial banks who “stick it to the man,” we also need to extend a GonzoBanker salute to Bank of America CEO Brian Moynihan. One word can summarize this action-packed banking year, GonzoBankers – tiring. This year brought us: Mergers out the yin-yang.

Conference 101

Conference Industry Community Bank Community 101

Tomorrow's Transactions

DECEMBER 12, 2014

You can’t even spend a $100 bill in a lot of shops in America yet production of $100 bills is booming and the production of $20 bills (a decent proxy for the use of the cash in retail transactions) is at its lowest level for a quarter of a century. Having said that, it is debit card nation that is actively working to get rid of cash.

Cards 66

Cards Payments Taxes Retail 66

PYMNTS

DECEMBER 23, 2019

Visner of the National Cybersecurity Federally Funded Research and Development Center ( FFRDC ). In this case,” he said, “nation-states are looking to gain power by corroding the influence of other countries.”. Sanborn noted people often have the mistaken impression that Lending Club is less regulated than a bank would be.

Lending 131

Lending National System Management 131

MyBankTracker

JULY 21, 2020

resident, living in America or living in your own country, and you can buy and sell U.S. Of course: If you’re not interested in working with an investment firm in America, you can, of course, try an investment firm in your own country. And there is a pretty good chance that you do have a tax treaty with America.

Taxes 52

Taxes United States America Course 52

CB Insights

FEBRUARY 28, 2019

America is not in decline—it’s becoming more and more efficient. Brown Shoe Company, at the time the leading manufacturer of work shoes in North America. Companies have both tangible assets (factories, capital, inventory) and intangible assets, which include things like reputation and brand. Global economics. Management.

Omaha 78

Omaha Company Capital Management 78

PYMNTS

APRIL 18, 2016

36 billion in lending is now happening on alternative market spaces across the Americas, a new report from the CME Group Foundation and KPMG found. When broken down between local, national and global economic outlook, all three areas saw declines in optimism compared to 2015. went largely unchanged between February and March.

Lending 100

Lending Survey Meeting Report 100