With bank earnings beginning, stocks may struggle; Patelco vs. cyberattackers
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Why bank stocks may struggle to muster more momentum: Higher funding costs, lower loan demand and the potential for increased credit costs continue to drag on the sector heading into second-quarter earnings season.
Patelco faces multiple lawsuits over ransomware attack: The four lawsuits allege that attackers stole members' Social Security numbers, among other data. Patelco has not yet confirmed whether any data was stolen.
Read more in tech: This fintech launched weeks after Synapse failed. Its CEO is undaunted.
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FDIC nominee Goldsmith Romero: Basel reproposal 'on the table:' President Joe Biden's nominee to lead the Federal Deposit Insurance Corp. signaled openness to withdrawing and resubmitting the Basel III rule.
Read more from Washington: Appeals court delivers big win to CFPB in Townstone redlining case; Effort to overturn Biden veto on crypto banking rule SAB 121 fails; HUD fair housing complaint against Appraisal Foundation settled
Apple's EU concessions create payments opportunity for Samsung, Curve: The American tech giant's agreement to open up to other firms may give other tech firms the chance they need to offer an updated mobile wallet.