FedNow picks up steam; should CEOs like Dimon be chairmen?
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This bank governance reform idea failed before. Will now be different? Large U.S. banks have mostly staved off previous shareholder-backed efforts to ensure their CEOs also don't lead their boards. The issue will soon be put to a vote at 摩根大通 , 美国银行 and 高盛 .
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Fed's instant payments network gains momentum among community lenders: Launched last July, FedNow had enrolled more than 600 participants by mid-March, according to government officials. That marked a 100% increase from the start of the year, with more banks and credit unions viewing fast payments capabilities as essential. Fraud concerns linger, however.
How can banks and fintechs get employees' buy-in on generative AI? To protect their own talent pipeline, financial companies need to make sure that they're not only protecting the entry-level roles that AI threatens to take over, but getting the enthusiastic buy-in of the people most likely to be affected, according to experts from Fiserv , Segpay and Featurespace .
Now's the time to sign up for our?Digital Banking Conference, June 24-25 in Boca Raton, Florida, to learn about the Bank of the Future.
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Potential CFPB arbitration rule would violate CRA, GOP lawmakers say: Rep. Andy Barr, R-Ky., and Sen. Thom Tillis, R-N.C., told the Consumer Financial Protection Bureau that pursuing a rulemaking on forced arbitration, as laid out by consumer advocates' rulemaking petition, would be an "affront to Congress.
Listen to the podcast: Buy the People: Two visions, one rule – How Basel injected populism into bank capital. A regulatory proposal to raise bank capital has spurred banks to fight back with a populist appeal to consumers, while regulators say more capital is what's needed to save banks from more crises — and help consumers. This is episode 3 of this season's Bankshot podcast.
How companies are working with payments now, with KeyBank's Yaminah Sattarian: Businesses are using a range of payments technologies, new and old, as the instant-payments movement gathers steam. Most Influential Women in Payments honoree Yaminah Sattarian talks about what her clients want and how the payments world is changing, in conversation with American Banker Editor-in-Chief Chana Schoenberger.
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7 个月Keep talking about genAI, mean I dont get to work in US anymore?
appraiser
7 个月The question would be for whom!
50 years of high level experience with major FI’s, eg: Citibank and Chase, as an MD in derivatives, interest rate and FX risk management, fixed income management and prop trading. Also, served on the Board of Bank OZK
7 个月Banking is and always has been a risky business because it’s based on lending money to businesses and consumers who might not be able to pay it back. However, too much capital makes loans too expensive for borrowers. There needs to be a practical balance between the risk in lending and the capital required to support it because the higher cost of loans falls disproportionately on those who can least afford them. Jamie Dimon has said this same thing, but who is listening? As the article states, misplaced populism over a pragmatic approach is why regulators and politicians want banks to have more capital, but they fail to understand that they are increasing loan rates on lower income borrowers and small businesses.