CFPB hits TD Bank with $28M in penalties for credit-reporting abuses
The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.
Top five clashes of the Harris-Trump presidential debate: ‘I’m talking now’
The presidential debate on Tuesday between Vice President Kamala Harris and former President Trump saw a number of testy moments between the two candidates. The debate, which was in Philadelphia, Pennsylvania, was the first and possibly only debate between Harris and
AngloGold Ashanti to Buy Centamin for US$2.5 Billion, Creating Fourth Largest Gold Company
AngloGold Ashanti (NYSE:AU,JSE:ANG) has announced a US$2.5 billion acquisition of Centamin (LSE:CEY,TSX:CEE), a mining company operating Sukari — one of the world’s biggest gold mines and Egypt’s largest. AngloGold CEO Alberto Calderon, who took over in 2021, emphasized that the
Fraud rate declines yet costs consumers more
Banks and consumers report fraud at higher rates than they did before the pandemic, and those cases have continued getting costlier.
Inflation rates ease in election battlegrounds
Lower inflation doesn't equate to lower prices, and costs of living may still be higher than pre-pandemic, especially rents. But the varying cooldown could help.
Fed will cut rates, but question is how often and how much
The latest inflation news is almost sure to result in a 25 basis point cut next week, but some are still hoping for 50 basis points, as well as reductions totaling almost 200 basis points through the end of 2025,
International press reacts to Trump-Harris debate as world watches ‘fiery debate’
It was not only Americans tuning into the U.S. presidential debate Tuesday night as former President Donald Trump and Vice President Kamala Harris faced off for the first time. The results of the November election are expected to have resounding consequences
Connecticut private bank draws regulatory ire
Fieldpoint Private Bank & Trust and its parent company entered a written agreement with state and federal supervisors pledging to address several compliance issues.
M&T is feeling ‘really good’ about CRE loans as rates start to fall
The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.
Finding value in AI: Lessons for banks from industry leaders
As banks deploy AI to cut costs, some face pressure to define long-term value, Finovate speakers said this week.