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  • An aerial shot of Little Rock, Arkansas shows a river, bridges and a number of downtown buildings.
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    Creative via Getty Images
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    Tech costs, regulatory demands among community bankers’ top worries

    A recent survey of community bankers also cited cost of funds as a top risk, amid the higher rate environment. “Right now, our motto is ‘Survive until 2025,’” a Pennsylvania community bank CEO said.

  • The Wall Street street sign is visible in the foreground with a picture of a trader in front of the stock market on the left of the sign. Three american flags are out of focus in the background.
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    Spencer Platt via Getty Images
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    US banks largely lag on implementing net-zero best practices

    “What we see today in terms of their implementation and operationalizing of those [net-zero] commitments is far from sufficient,” the director of the Sierra Club’s Fossil-Free Finance Campaign said.

  • The financial district in Boston, seen against the Boston Harbor at sunrise showcasing a mix of contemporary and historic buildings.
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    Marcio Silva via Getty Images
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    Massachusetts mutual bank organization adds third lender

    Rollstone will add 10 locations, more than $900 million in assets, and wealth management and trust services to the River Run umbrella.

  • FTX signage is shown with a phone in the foreground
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    Leon Neal / Staff via Getty Images
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    FTX bankruptcy plan would give ex-customers an extra 19%

    Creditors will receive up to $16.5 billion, nearly two years after their funds were frozen by the crypto firm’s shocking bankruptcy, according to a plan approved by a judge Monday.

  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    Fed faults Wyoming bank IT exec over document sharing

    While IT manager at Bank of Jackson Hole, Lindsay Graves shared 50,000 documents — some of which contained confidential supervisory information — with a former employee, the Federal Reserve said.

  • A panoramic view of Waikiki and Diamond Head from Tantalus lookout in the Puu Ualakaa State Park, Honolulu, Oahu, Hawaii.
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    zhuzhu via Getty Images
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    Hawaii bank postpones acquisition-vote meeting

    Territorial Bank sent a letter urging shareholders to vote in favor of the acquisition by Los Angeles-based Hope Bancorp and not get distracted by another investor’s “illusory, non-binding, highly conditional” proposal.

  • The Phoenix metropolitan area has seen growing hotel occupancy, ADR and RevPAR in recent years driven by strong travel fundamentals.
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    dszc via Getty Images
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    Arizona credit union-bank deal pushes 2024 to new record

    Phoenix-based OneAZ Credit Union's proposed acquisition of 1st Bank Yuma marks the 17th whole-bank purchase by a credit union this year, surpassing a 2022 record. 

  • San Diego skyline
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    Cristian Lourenço / Getty Images via Getty Images
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    Broker-dealer LPL fires CEO for breaking firm’s code of conduct

    Dan Arnold violated LPL’s “commitment to a respectful workplace,” the company said without further details. He’s ineligible for severance and will forfeit much of his equity awards.

  • Sen. Elizabeth Warren, wearing a red jacket, speaks into a microphone during a Congressional hearing.
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    Michael A. McCoy / Stringer via Getty Images
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    OCC should restrict Citi’s growth, Warren says

    The senator cited a four-step framework the OCC's Michael Hsu floated last year, with growth restriction as a follow-up to penalties. Citi’s July penalties merely repeat Step 2, the senator said.

  • A group of people wait outside a grocery store glass door that has a sign posted on it.
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    Jonathan Drake/Reuters

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    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

  • Two people with their backs to the camera use Bank of America ATMs.
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    Justin Sullivan / Staff via Getty Images
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    Bank of America users report online access issues

    Some customers said they were unable to sign in to their accounts. Others reported seeing incorrect or untimely balances. The issues “have largely been resolved,” the bank said Wednesday night.

  • BMO's logo in the dark next to public transit and vehicle lights.
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    The image by Abdulkadir A is licensed under CC BY 2.0
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    BMO hires Morgan Stanley, JPMorgan alum as AI, data chief

    Kristin Milchanowski’s appointment as the new chief artificial intelligence and data officer signals the Canadian lender’s heightened commitment to the burgeoning technology.

  • SEC enforcement
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    Michael M. Santiago via Getty Images
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    SEC enforcement director Grewal to depart

    The division’s deputy director Sanjay Wadhwa will become acting director, and chief counsel Sam Waldon will serve as acting deputy director.

  • A sign in the foreground reads "Citi" with buildings in the background.
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    Mario Tama via Getty Images
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    Fed lifts 2013 Citi enforcement action

    The bank, which had been directed to address anti-money laundering and Bank Secrecy Act deficiencies, is still under Fed and OCC orders related to data and internal controls.

  • money
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    Toshe_O via Getty Images
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    Apollo aims to double its assets under management by 2029

    The private-equity giant is targeting $1.5 trillion in five years. Further, it wants to push its annual origination volume to $275 billion, making a serious run at market leader JPMorgan.

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    Oli Scarff via Getty Images
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    Barclays fined $4M over swap reporting violations

    The CFTC noted the bank's “substantial cooperation” led to a reduced penalty in comparison to others levied on Goldman Sachs, JPMorgan and Bank of America.

  • A person holds a Starling Bank card
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    Courtesy of Starling Bank
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    Starling Bank slapped with $38M fine

    The U.K.’s financial watchdog called Starling’s financial sanction screening controls “shockingly lax,” and said the challenger bank’s efforts to thwart financial crime failed to keep up with its quick growth.

  • Person uses a phone to pay with credit card
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    Sitthiphong via Getty Images
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    Oportun inks deal to sell credit card portfolio

    The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products. 

  • Two people shake hands.
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    YurolaitsAlbert/iStock via Getty Images
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    2025 banking conference roundup

    Gatherings can serve as idea generators, measuring sticks and connectors, as attendees meet to discuss innovations like AI, banking’s intersection with fintech and the future of capital requirements.

  • TD Bank at One Vanderbilt
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    Permission granted by TD Bank
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    TD to pay regulators $28.5M over spoofing scheme

    The broker-dealer arm of the Canadian bank will pay penalties to the DOJ, SEC and FINRA over a former trader’s scheme to place hundreds of fraudulent spoof orders amounting to billions of dollars.

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    Courtesy of State Street
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    State Street taps BNY exec as head of digital assets

    Vanessa Fernandes, a 25-year financial services veteran, will report to Donna Milrod, who has been overseeing digital asset solutions since Nadine Chakar, the unit’s head, left in January 2023.

  • A person types on a phone, interacting with a chatbot
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    Creative via Getty Images
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    Banks are excited about AI. Their customers aren’t so sure.

    To address that, lenders need to be more transparent about their artificial intelligence use and educate customers on the benefits and safeguards involved, analysts said.

  • From Tarantula lookout overlooking downtown Honolulu
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    Gregory Zamell via Getty Images
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    Would-be acquirer Blue Hill boosts offer for Hawaii bank

    Territorial Bank rejected a third all-cash offer from the investor group Blue Hill Advisors, instead sticking with its planned acquisition by California’s Hope Bancorp.

  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Wells Fargo, Fiserv to end joint venture

    Fiserv will receive an unspecified cash payment from the bank. The payments processor will also take a $400 million to $600 million impairment charge this year related to the joint venture.

  • Digital payments
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    Courtesy of Adyen
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    Kansas City Fed dissects consumer use of digital payments

    About 95.5% of U.S. households have a bank account, and 46.4% use a nonbank payment service, a new report says. Meanwhile, the Boston Fed found more consumers are using credit cards to make ends meet.