Banking News and Analysis | Banking Dive
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Breaking down capital requirements - Banking Dive
Dec 4, 2023 · Picture this: You’re in your car, driving down the road, and something goes awry. Your car is out of control, and it comes to an abrupt stop when it hits something; and it hits something hard enough that your airbags deploy.
Bank of America customer data exposed in IT provider breach
Feb 13, 2024 · A November 2023 “cybersecurity event” at Infosys McCamish Systems exposed Bank of America customer data, according to a breach notification letter from the bank’s outside counsel filed with the Office of the Maine Atto r ney Gene r al.. Customers’ first and last names, addresses, business email addresses, dates of birth and Social Security numbers may have been among the compromised ...
Goldman sells Marcus Invest accounts to Betterment
Apr 23, 2024 · Dive Insight: The sale marks the latest step in the dismantling of Goldman’s once-heavy bet on consumer banking. Goldman last month closed its sale of installment lender GreenSky to an investor group led by Sixth Street.. Marcus Invest launched in February 2021, in large part as an appeal to retail investors, who could open accounts with as little as $1,000.
Banking Technology News | Banking Dive
3 days ago · Flagstar fined $3.5M for ‘misleading’ after 2021 cyberattack The bank “negligently made” materially misleading statements after a hack that resulted in the theft of 1.5 million customers’ personally identifying information.
After Helene, banks aim to meet needs ‘exactly where they’re at …
Oct 10, 2024 · Western North Carolina is grappling with widespread destruction from Helene, which has killed at least 227 people, and recovery is projected to be costly and time-intensive.Following the storm, banks that serve the area have endeavored to provide their employees and customers with basic supplies, financial help or a shower.
Fed, OCC approve BMO’s $16.3B Bank of the West acquisition
Jan 18, 2023 · The Federal Reserve and the Office of the Comptroller of the Currency approved Bank of Montreal’s $16.3 billion acquisition of San Francisco-based Bank of the West, the regulators announced Tuesday.. The combination will create the 13th-largest U.S. commercial bank with roughly $256 billion in assets, according to OCC figures. That would put it squarely in a size category the Fed has labeled ...
Wells Fargo launches new commercial banking platform
Dec 5, 2022 · Wells Fargo on Monday announced the launch of a new commercial banking platform — a revamp the San Francisco-based bank says leverages artificial intelligence and machine learning to help clients personalize their accounts.
Huntington dives deeper into Texas - Banking Dive
Mar 8, 2024 · Huntington dives deeper into Texas Local banking industry veteran Clint Bryant will lead Huntington’s Texas commercial charge, starting with Dallas.
Dive Deposits: Comerica’s loss may be BNY’s gain
Jul 23, 2024 · Comerica Bank told investors Friday it has received preliminary notification from the Treasury Department that the agency will likely choose another banking partner for its Direct Express prepaid-card program that delivers government benefits to roughly 4.5 million unbanked Americans.. Comerica counted $3.3 billion in average deposit balances through the program in the second quarter, the bank ...