Stay informed with the latest Banking industry news and insights by signing up for Banking Dive. Explore all our free newsletter options here: https://lnkd.in/epUSiThp
Banking Dive
Online Audio and Video Media
Washington, District of Columbia 5,069 followers
We provide business journalism and in-depth insight into the most impactful news and trends shaping banking.
About us
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry. The daily email newsletter and website cover topics such as commercial banking, payments, technology, risk, regulations & policy, and more. Banking Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most competitive industries.
- Website
-
https://www.bankingdive.com/
External link for Banking Dive
- Industry
- Online Audio and Video Media
- Company size
- 201-500 employees
- Headquarters
- Washington, District of Columbia
- Type
- Privately Held
Locations
-
Primary
1100 15th St NW
4th Floor - (Suite 178)
Washington, District of Columbia 20005, US
Employees at Banking Dive
Updates
-
Banking Dive reposted this
There's been plenty of commentary around the Federal Reserve's discount window lately, including Federal Reserve Board Chair Jerome Powell this month noting the central bank's efforts to modernize the lending tool and study the associated stigma with using it. This week, Sen. Mark Warner, D-VA, introduced legislation that would nudge those efforts along, with the goal of making sure banks are both prepared and unafraid of using the window when needed. The bill would require banks to engage in periodic test borrowing at the window, which is the Fed’s short-term lending facility designed to help banks facing a liquidity crunch. It would also require regulators evaluating banks’ liquidity preparedness to give lenders credit if they can successfully use the window. Bill Nelson, a former Fed official who helped develop discount window policy and was involved in a 2003 overhaul of the lending tool, said he’s “never seen anything quite like the consensus that is building to take difficult but potentially very meaningful action to improve the discount window.” “Almost entirely all cylinders are firing now,” said Nelson, executive vice president and chief economist at the Bank Policy Institute.
Warner pushes bill requiring banks to test discount window
bankingdive.com
-
Citizens recently completed a pilot that tapped generative AI to help the bank’s software engineers develop code. Now, the bank looks to roll out the capability to about 1,000 software engineers this year and ramp up through next year. “We’re not rushing into this,” Chief Information Officer Michael Ruttledge said of genAI implementation at the bank. “But I know by the pent-up demand … by the number of use cases that people want to go forward with, that the ideas are there, the demand is there."
Citizens CIO: ‘Human in the loop’ still key for banks using genAI
bankingdive.com
-
Wheeling, West Virginia-based WesBanco is raising roughly $200 million in capital by Aug. 1 to support the merger with Defiance, Ohio-based Premier Financial Corp. and its Youngstown-based bank subsidiary. That includes a $125 million investment from Wellington Management, and more from Glendon Capital Management LP and Klaros Capital.
WesBanco to buy Ohio’s Premier Financial in $959M deal
bankingdive.com
-
Christopher Smalley received $1,000 per hour to disclose confidential information on Customers Bank’ instant payments platform, its risk mitigation strategies and details of confidential business negotiations to market intelligence platform Tegus, the bank alleges.
Customers Bancorp sues ex-exec, alleges he sold confidential info
bankingdive.com
-
With a new presumptive Democratic nominee in the race for president, it may be worth chipping away at some of the uncertainty, and exploring — from a 10,000-foot view — what the banking sphere might expect if Vice President Kamala Harris is elected to the nation’s highest office in November.
What bankers might expect if Kamala Harris wins the White House
bankingdive.com
-
Truist executives defended the bank’s spending approach Monday, promising to keep costs in check while also investing in certain areas of the business such as payments and middle market lending.
Truist execs pledge expense discipline
bankingdive.com
-
According to the Federal Reserve Board, Green Dot Corporation violated laws in its marketing, selling and servicing of prepaid debit card products. The bank also allegedly broke laws between 2017 and 2022 through its offering of tax return preparation payment services, including by failing to adequately disclose refund processing fees.
Fed fines Green Dot $44M
bankingdive.com
-
Banking Dive reposted this
Here's a quick take on the first half of today's public meeting on the proposed merger of Capital One and Discover Financial Services. The all-day meeting features input from company executives and more than 100 commenters. The meeting is hosted by the Federal Reserve Board and the Office of the Comptroller of the Currency, the two bank regulatory agencies scrutinizing the $35.3 billion deal.
Capital One-Discover deal critics, supporters sound off
bankingdive.com
-
Banks such as JPMorganChase Chase, UBS, Deutsche Bank and Nomura saw disruptions Friday amid a massive IT outage tied to a defective software update from tech company CrowdStrike.
JPMorgan, UBS and others see effects of IT outage
bankingdive.com