Fed, OCC order Amex to overhaul AML controls, fine $350M
The regulators separately ordered American Express to remediate widespread anti-money-laundering and financial-crime control deficiencies.
@alexisrjimenez.bsky.social
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialThe elder statesman of trust charters makes its move
Anchorage Digital has acquired Routable, in a deal to link the issuance, custody and settlement of stablecoins with multi-denominational payout distribution.
@alexisrjimenez.bsky.socialInside Navy Federal's fight against military payment scammers
Navy Federal Credit Union has added #AI tools to battle payment fraud and scams linked to real-time processing.
@alexisrjimenez.bsky.socialFed consolidates bank supervision structure
Vice Chair for Supervision Michelle Bowman laid out changes Tuesday to the Fed’s supervisory structure intended “to implement a culture of accountability and clear decision-making authority”
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialAlly CEO: ‘Strategy is about choices’
A narrower focus is driving better returns at the $200 billion-asset lender, although the credit and interest rate environment may challenge execution of Michael Rhodes’ strategy.
@alexisrjimenez.bsky.socialOnline betting has major impacts on bank customers' behavior
As young customers gravitate to online betting, bankers should be offering education about building a secure financial future.
@alexisrjimenez.bsky.socialVirginia's TowneBank makes deal for a 4th NC bank
The hefty premium TowneBank is paying for North Carolina-based BlueHarbor Bank reflects the quality of the franchise it's acquiring, along with its scarcity value.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialJackson Area Federal Credit Union shuttered
Five Star Credit Union assumed Jackson Area Federal Credit Union's share accounts and purchased some of its assets.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialThird Coast to buy Oklahoma bank for $240M
The deal comes roughly a year after Houston-based Third Coast announced its $123 million purchase of Austin, Texas-based Keystone Bancshares.
@alexisrjimenez.bsky.social@alexisrjimenez.bsky.socialCitizens to resume unsecured personal lending
Citizens is reentering the unsecured personal loan market through a partnership with Pagaya Technologies.
@alexisrjimenez.bsky.socialMan Says He Was Mortified When His #AI Agent Posted His Bank Balances and Exactly What He’s Spending His Money on in a Slack Work Channel
"How the f*** could you get this wrong? That's literally my bank balance to our whole team?"
@alexisrjimenez.bsky.socialMajority of community banks express concern over #Stablecoins
The Conference of State Bank Supervisors' latest annual survey of community bankers reveals hesitation about the introduction of stablecoin services.
@alexisrjimenez.bsky.socialBanks prioritize responsible #AI, governance as use soars
JPMorgan Chase and Capital One ranked highest in AI maturity considering talent, leadership and transparency, according to Evident’s annual AI index.
@alexisrjimenez.bsky.socialBeware the #AI sycophant and 'cognitive surrender'
Research presented at a Fed conference shows that AI chatbots can make users more confident in wrong answers and suboptimal decisions.
@alexisrjimenez.bsky.socialTop bank conferences to attend in 2027
Connecting with peers and competitors may offer the gut-check that banking leaders need so they can innovate in a way that lets customers and shareholders both prosper.