Trump win unlikely to stop the crackdown on BaaS and fintech
Tough exams and consent orders on banks that partner with fintechs are expected to continue for some time.
Bank executives must manage culture risk, Canada regulator says
Canada's banking regulator is beefing up its rules on corporate culture, saying that it expects executives and boards to be accountable.
First Foundation hires outsider as CEO amid strategy overhaul
The Dallas bank is replacing longtime CEO Scott Kavanaugh, who stepped down Thursday, with veteran banking executive Thomas Shafer. Shafer previously led Chemical Bank, which was acquired by TCF Financial in 2019.
FedNow saw $17.5 billion of transactions last quarter
The Federal Reserve released the volume of activity on its instant payments network since its launch last summer, showing a surge in usage between July and August.