Banking

Banking
Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
May 17, 2024

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Banking
HSBC Bank USA Launches Interest-Bearing Checking Account for Businesses
May 17, 2024

HSBC Bank USA has introduced a checking account for business clients that combines an earnings credit rate (ECR) with credit interest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Banking
Basel Committee Warns Against Banking Digitalization Risks
May 16, 2024

A global financial watchdog is warning against the risks of digitalization in the financial world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
Ahead of Hill Hearing, Regulators Say Banks ‘Resilient’ but Risks Remain
May 14, 2024

Testimony from some of the top regulators in the country ahead of a Wednesday (May 15) Capitol Hill hearing on bank oversight took note of the resilience of the banking industry in the wake of the Silicon Valley Bank (SVB) collapse of last year. Get...

Banking
BNP Paribas CEO Jean-Laurent Bonnafé: Europe’s Regulations Limit Bank Mergers
May 14, 2024

BNP Paribas CEO Jean-Laurent Bonnafé reportedly expressed skepticism about the potential for a revival of mergers and acquisitions (M&A) activity in European banking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Banking
Fed Governor Lisa Cook Highlights Private Credit as Emerging Issue
May 08, 2024

Federal Reserve Governor Lisa Cook highlighted commercial real estate, private credit and cyber risks as potential issues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Banking
US Financial Giants Including Visa and JPMorgan Test Shared Ledger Tech
May 08, 2024

The U.S. financial system is exploring the use of shared ledger technology for multi-asset transactions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
KeyBank Launches Virtual Account Management Solution for Treasury Clients
May 07, 2024

Cleveland-based financial institution KeyBank has launched a virtual account management solution for treasury management clients. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Banking
FIS Targets $200 Billion Addressable Market in Global Money Movement
May 07, 2024

At its investor day Tuesday (May 7), FIS management outlined its continuing strategy to capture share in global money movement — a market worth hundreds of billions of dollars. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...