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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.
15 most recent bank failures - American Banker
2024年10月24日 · Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday's demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other institutions.
Why banks are closing so many branches | American Banker
2024年12月6日 · U.S. banks shuttered 439 branches in the third quarter alone, the S&P Global data show. That was up from 199 in the prior quarter. It also marked the highest quarterly level of net closings since the first quarter of 2022, when banks turned out the lights on 960 locations.
French Hill named chairman of House Financial Services Committee
2024年12月12日 · As chairman of the House Financial Services Committee, Hill's priorities are likely to include scrutiny toward bank agency rulemaking, reducing costs for businesses, promoting data privacy and instituting market-driven solutions for issues like the shortage of affordable housing nationwide.
Payments Industry News & Analysis | American Banker
Comprehensive coverage and analysis of the rapidly changing payments business, including digital wallets, investments, compliance and global trends.
BBVA Compass rebranding as BBVA - American Banker
2019年4月24日 · In the months ahead, the Birmingham, Ala., bank will drop Compass from its name across all of its branches and digital properties. It’s part of a broader plan by its Spanish parent Banco Bilbao Vizcaya Argentaria to unify its brand worldwide.
How USAA landed in regulators' hot seat | American Banker
2024年11月21日 · USAA's banking arm has grown its customer base for years, all while failing to make the investments needed to keep both its regulators and some decades-long customers happy, according to a joint investigation by American Banker and the San Antonio Current.
The Most Powerful Women in Finance: No. 2, Abigail Johnson, …
2023年9月27日 · To accommodate how both tech-savvy and old-school investors prefer to connect with the company, it has been embracing a hybrid model that lets customers choose how to engage, whether that's in person, on social media, over the phone or via digital chats.
20 highest-paid bank executives - American Banker
2024年8月29日 · In 2023, the top five bank executives with the highest total compensation earned a combined salary of more than $147 million. The average salary for the 20 bank executives making the most money in 2023 was more than $21 million.
Capgemini, McKinsey, Visa and others detail the health of cash ...
2024年12月17日 · Payments revenue expanded at 7% annually from 2018 to 2023, slowing a bit to 5% per year between 2024 and 2028. That will generate $700 billion in new revenue, McKinsey said, noting payments represent 35% of the total revenue pool for banks, creating an impetus for banks to counter the encroachment of fintechs into the payments industry by embracing emerging digital forms of money.