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Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
The Most Powerful Women in Banking 2024: Top Teams
Oct 1, 2024 · As many regional banks retrench, Huntington Bancshares, the holding company for Huntington Bank has bet on new markets and verticals.Propelling this expansion are six women in the commercial bank. "It has not been an easy time in banking," said Karen Davies, executive managing director of specialty banking at Columbus, Ohio-based Huntington.
Two lawsuits accuse Ally Bank of failing to protect customer data
Sep 20, 2024 · Data-breach lawsuits have become more common as breaches themselves happen with unrelenting frequency. The number of data breaches in the U.S. rose from 447 in 2012 to more than 3,200 in 2023, according to Statista.In a more recent trend, cybercriminals often publish and sell the stolen customer data on the dark web.
American Banker November/December 2024
Dec 3, 2024 · 25From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).
American Banker Magazine
The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
8 of the biggest issues facing the banking industry today
Nov 5, 2024 · A form of check fraud known as check-kiting went viral on TikTok in early September, with JPMorgan Chase customers recording themselves writing a bad check, depositing it at an ATM, then withdrawing cash before the bank could bounce the check. The scheme was portrayed as a glitch rather than a crime, creating the misunderstanding through seconds-long video clips that customers engaging in the ...
Data breach affects 57,000 Bank of America accounts
Feb 13, 2024 · An unauthorized party — apparently a ransomware group known as LockBit — accessed the customers' information through Infosys McCamish's system, not Bank of America's, according to a letter Infosys McCamish sent to affected customers, published by Maine's attorney general. Bank of America provided standard two-year …
Global Payments - American Banker
The card brands and tech giants are expanding their payments reach in one of the world's largest markets, while facing a multi-billion-dollar class action complaint by British businesses over fees.
How do real-time payments work? - American Banker
Feb 17, 2023 · Third, the FedNow service verifies the message meets message format specifications. Fourth, the FedNow service sends the contents of the payment message to the recipient's financial institution to confirm that the financial institution intends to …
20 banks with the biggest commercial real estate loan portfolios
Jun 30, 2022 · The top five banks in our ranking had a combined commercial real estate portfolio of nearly half a billion dollars at the end of 2021. With several leaders growing by more than a third last year, others saw year-over-year increases of more than 120%. Scroll through to see which banks made the top 20 and how they fared in the 12 months ending in Dec. 31, 2021.