banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.

Regions ‘Monitoring’ Debit Interchange Rule as Card Income Dips
Regions ‘Monitoring’ Debit Interchange Rule as Card Income Dips
October 18, 2024  |  Banking

Regions Bank’s profit dipped during the third quarter as deposit costs rose and loan demand fell. The regional lender released quarterly earnings Friday (Oct. 18)...

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Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
Ally Financial Warns of ‘Choppy’ Quarters as Auto Income Falls
October 18, 2024  |  Earnings

Ally Financial CEO Michael Rhodes says the company’s next few quarters will be “choppy.” In a third-quarter earnings presentation Friday (Oct. 18), the auto lender said it had imposed stricter...

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OCC Cites 4 Regional Banks for ‘Unsafe or Unsound’ Practices
OCC Cites 4 Regional Banks for ‘Unsafe or Unsound’ Practices
October 18, 2024  |  Bank Regulation

The OCC has released enforcement actions against national banks accused of “unsafe or unsound” practices. The Office of the Comptroller of the Currency (OCC) said it “uses enforcement...

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Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment
October 17, 2024  |  artificial intelligence

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by...

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Regional Banks Report Credit Quality Remained Strong in Q3
Regional Banks Report Credit Quality Remained Strong in Q3
October 17, 2024  |  Earnings

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in...

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Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist’s Quarter
Balance Sheet Optimization, Expense Discipline, Digital Growth Define Truist’s Quarter
October 17, 2024  |  Earnings

After weathering volatility in recent years, banks can now deploy excess capital, signaling confidence in their long-term growth prospects. That was the story shared by...

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Generation Pay by Bank: Why Gen Z and Millennials Hold the Key to Widespread Adoption
Generation Pay by Bank: Why Gen Z and Millennials Hold the Key to Widespread Adoption
October 17, 2024  |  Digital Payments

  Pay by bank is a new payment method that is carving out a niche in the consumer payments space. Incentives may be the hook...

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Experian to Provide Debt Relief and Financial Services to 5,000 Hispanics
Experian to Provide Debt Relief and Financial Services to 5,000 Hispanics
October 16, 2024  |  Financial Inclusion

Experian is providing debt relief and financial education, products and services to more than 5,000 Hispanics nationwide. The initiative is a response to findings that...

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Navigating AI Compliance: How Global Banks Balance Innovation and Regulation
Navigating AI Compliance: How Global Banks Balance Innovation and Regulation
October 16, 2024  |  artificial intelligence

This week in artificial intelligence regulation finds China, India and the global banking sector grappling with the need for comprehensive AI regulation as the influence...

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