American Banker

Financial Firms to Further Increase Cybersecurity Spending

Financial Firms to Further Increase Cybersecurity Spending

U.S. banks and other financial firms are projecting higher spending on cybersecurity as they face bigger threats and more attacks.

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The One Banking Bill Congress Might Actually Pass Next Term

The One Banking Bill Congress Might Actually Pass Next Term

Conventional wisdom says that it’s going to be a tall order to pass banking legislation next term, but there just might be a key exception. One measure to watch will be a legislative fix for banks with customers in the legal marijuana business.

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PODCAST: Which Tech Companies Pose the Biggest Threat to Banks?

PODCAST: Which Tech Companies Pose the Biggest Threat to Banks?

Warren Kornfeld, senior vice president at Moody’s Investors Service, explains why banks’ fear of Amazon, Apple, Facebook and other tech giants is legitimate.

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The Right Approach to Digital-only Banks

The Right Approach to Digital-only Banks

As banks work to compete in an increasingly digital world, many are exploring new launching digital-only brands. Banks of all sizes, including industry heavyweights Chase, Citi and Wells Fargo, are in various stages of developing such parallel banks.

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Regional Banks Are Spending Heavily on Tech. Is It Enough?

Regional Banks Are Spending Heavily on Tech. Is It Enough?

You can hear the sense of urgency in the name of BBT’s digital strategy: Disrupt or die. During its investor day last week, technology investments took center stage, as the Winston-Salem, N.C., company discussed overarching plans to cut costs in areas such as branching and reinvest that money into digital platforms.

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PODCAST: Is Blockchain the Most Overhyped Technology in History?

PODCAST: Is Blockchain the Most Overhyped Technology in History?

Ron Quaranta and Steve Ehrlich with the Wall Street Blockchain Alliance give their take on NYU professor Nouriel Roubini’s declaration that blockchain is the most overhyped – and least useful – technology in human history and discuss what’s working and what’s not with financial services blockchain projects.

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Tax Cuts, De Novos and Gridlock: What Bankers Can Be Thankful for This Year

Tax Cuts, De Novos and Gridlock: What Bankers Can Be Thankful for This Year

There is a surprising amount of pessimism in the air among bankers, including fears of another recession and resurgent House Democratic activism against the industry. But there are also lots of reasons financial institutions should be feeling grateful. Following is a detailed look at a few: The blue wave didn’t swamp the Senate Adobe Stock […]

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Big Bank Breakups, Postal Lending and More: 2020 Dem Hopefuls’ Financial Agendas

Big Bank Breakups, Postal Lending and More: 2020 Dem Hopefuls’ Financial Agendas

Votes are still being counted in last week’s midterm elections and already much of the political discussion has shifted to the 2020 presidential contest. From progressives on the left, to those popular in states seen as pivotal in the next election, a potential Democratic field is already building at a fever pace.

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Danger Lurks in Latest Deregulatory Push

Danger Lurks in Latest Deregulatory Push

Two weeks ago, the banking regulators, led by the Federal Reserve, issued a proposed rule that would substantially weaken certain safeguards put in place following the 2 financial crisis for many of the largest banks in the country. The class of U.S.

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What Democrats’ House Takeover Means for Banks

What Democrats’ House Takeover Means for Banks

The recent stretch of the White House and both chambers of Congress exclusively being in the corner of alleviating post-crisis rules is over. The Democrats’ takeover of the House Tuesday will bring a sea change in the chamber’s rhetoric toward financial services issues.

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Financial Technology Needs Rules of Engagement

Financial Technology Needs Rules of Engagement

The race for technological control of money, information and payments systems is creating an unprecedented tension between market innovation and the role of financial regulation.

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Banking Needs a Regtech Sandbox

Banking Needs a Regtech Sandbox

One of the best-known inventions in banking oversight in recent years is the regulatory sandbox. Pioneered by the U.K.’s Financial Conduct Authority, these are running now in about two dozen countries and several U.S.states, allowing fintech innovators to conduct live, small-scale testing under the regulator’s supervision. The goals are twofold.

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