A bank that wants to be Amazon; FDIC says bank profits declined
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Banks are increasingly taking cues from companies outside the financial industry. 星展银行 's Singapore country head Tse Koon Shee describes the bank's push to create a massive marketplace that offers everything from hotel reservations to healthcare: 'We want to be digital to the core': how DBS tries to imitate Amazon.
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For more news about banking, fintech, credit unions, regulation and payments, see what else we're covering:
Toomey demands tougher enforcement on banks' deals with community groups: Republican Sen. Pat Toomey criticized the degree of "opacity" surrounding some community benefit agreements, or written deals between banks and community groups ahead of a merger that often involve billions of dollars of commitments.
Industry profits decline as large banks prepare for rising interest rates: FDIC: Acting Chairman of the Federal Deposit Insurance Corporation (FDIC) Marty Gruenberg said that the agency will continue to consider its rising assessment rates even as deposits fell in the second quarter.
StoneCastle cancels sale of its deposit platform, Veritex says: Veritex Community Bank announced that its deal to buy interLINK has been terminated by the seller's parent, StoneCastle Partners in New York. No reason was given, though Veritex says regulatory pushback was not to blame.
Crypto mining could harm U.S. climate policy, White House report warns: The report from an office in the White House is the first public report issued pursuant to an executive order President Biden issued in March.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年Great Job FDIC On Trying To Keep The Banking Industry Honest ?? ?? ??.