Banking
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Fintech debuts app that combines banking and life insurance
A new app is combining banking and insurance into one service aimed at people who feel excluded from traditional financial…
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What will the Fed do, and will it work? Forecasters don’t always know
With inflation raging and the Fed continuing to raise rates in a bid to tamp it down, economists expect that…
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‘Unfortunately, we’ve gotten pretty good at this’: Popular’s CEO in wake of Hurricane Fiona
Ignacio Alvarez had been chief executive of Puerto Rico’s largest bank for less than three months when Hurricane Maria hit…
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Payday lender Cash Express reports data breach affecting 100,000 customers
The nonbank lending company Cash Express reported to the Montana attorney general this month a data breach that gave an…
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NCUA advances proposed rule on member expulsion
The National Credit Union Administration has furthered a proposed rule for federal credit union boards that would grant leaders the…
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SVB to conduct ‘equity audit’ of tech-industry diversity program
SVB Financial in Santa Clara, California, plans to conduct an equity audit of a three-year-old program that’s designed to foster…
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Revolut security breach affects 50,000 customers
Hackers accessed the personal data of 50,000 Revolut customers this month, and a phishing campaign imitating the company soon followed,…
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Why lenders are returning to FHLBs for funding
Strong loan growth has lenders returning to the Federal Home Loan banks for advances, with lenders tapping the FHLBs to…
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Challenger bank for college students adds job-search, advisory tools
A challenger bank for college students is adding features to its app to help users find jobs, fill cash flow…
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Royal Bank of Canada asks workers to come to the office more
Royal Bank of Canada is asking employees to come to the office more often, an early sign that the country’s…
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Where credit unions are beating banks in customer experience
Jennifer Bolivar, senior vice president of business transformation at Suncoast Credit Union in Tampa, Florida, remembers with pride how her…
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Huntington recruits Truist executive in effort to bolster key unit
Huntington Bancshares in Columbus, Ohio, has bolstered its consumer and business banking leadership team, adding an executive from Truist Financial…
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