Exclusive: Reps. Barr and Hill press FDIC on brokered deposits rule
Reps. Andy Barr, R-Ky., and French Hill, R-Ark., leading Republicans on the House Financial Services Committee, pushed back against Federal Deposit Insurance Corp. chair Martin Gruenberg’s characterization of the Synapse collapse in his July brokered deposits proposal.
California bank regulator to retire
California Department of Financial Protection and Innovation Clothilde "Cloey" Hewlett will step down Dec. 30.
How Citi, BNP Paribas and Schwab migrated to T+1 securities settlement
Industry observers say the U.S. securities industry's migration to next-day settlement in May 2024 was a technology success story, which has encouraged the U.K. and the EU to follow suit.
What banks need to know as QR code payments gain steam in the U.S.
The use cases are growing and banks don't want to risk being left behind, especially with younger customers who are more open to the technology.