The JPMorgan CEO largely dismissed the idea of serving in the next presidential administration, although “I don’t make promises.” Wells Fargo’s CEO, meanwhile, said work to address the bank’s AML ...

Jim Reuter retired this year as FirstBank’s CEO, saying he was “looking forward to pursuing other interests.” As it turns out, that includes leading another bank.

After Hurricane Helene ravaged the mountainous areas of western North Carolina and eastern Tennessee last month, bringing catastrophic flooding and wiping out power and water for many areas, the first ...

Todd Gray says bank higher-ups pushed him away when he showed concern about a new mortgage subsidiary. That subsidiary cost the bank millions of dollars before shutting down last year, he said.

The DOJ has reached redlining-related settlements with 13 banks since launching its anti-discrimination initiative in 2021, but Thursday’s agreement marks the first with a credit union. The Justice ...

Tally’s assets will be integrated into the existing products of both firms, according to company spokespeople. Tally shuttered in August this year over failure to raise funds.

The bank will pay $1.8 billion to the Justice Department, $1.3 billion to FinCEN, and growth will be restricted in the bank’s U.S. retail unit.

October, 1, 2024 — Castatus is excited to announce the integration of Critical Alerts to their Castatus application enhancing ...

Data Breaches Remain a Top Threat: 44% of financial services organizations have experienced a data breach in the last year. Two-thirds of companies are reluctant to adopt new technology due to ...

The February breach involved personal information held by debt collector Financial Business and Consumer Solutions and did not impact Truist’s network, the bank said in a letter.

To address that, lenders need to be more transparent about their artificial intelligence use and educate customers on the benefits and safeguards involved, analysts said.

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