Home | American Banker
The Fed believes the labor market is in a good place, but the challenge is keeping it there. Fed Chair Jerome Powell characterized the overall uptick in unemployment since the central bank began raising interest rates in 2022 and since job gains have begun to taper in recent monthly readings as a "stabilization," with the labor market nearing its optimal level.
20 banks with the biggest commercial real estate loan portfolios
Jun 30, 2022 · The top five banks in our ranking had a combined commercial real estate portfolio of nearly half a billion dollars at the end of 2021. With several leaders growing by more than a third last year, others saw year-over-year increases of more than 120%. Scroll through to see which banks made the top 20 and how they fared in the 12 months ending in Dec. 31, 2021.
Why banks are closing so many branches | American Banker
Feb 27, 2024 · There were about 77,500 bank branches in the U.S. at the close of 2023, according to updated estimates from S&P Global. The trend was hastened by the social distancing measures enacted to combat coronavirus outbreaks in 2020 and 2021. Such measures brought branch traffic to a standstill and drove increased adoption of digital products and services.
Payments Industry News & Analysis | American Banker
Nov 1, 2024 · Find out who lands where in the rankings for banking, watch and finance, and see the categories for our standouts, a special recognition meant to spotlight roles with heightened visibility and the exemplary female leaders who are rethinking the way forward at a critical time.
Data breach affects 57,000 Bank of America accounts
Feb 13, 2024 · An unauthorized party — apparently a ransomware group known as LockBit — accessed the customers' information through Infosys McCamish's system, not Bank of America's, according to a letter Infosys McCamish sent to affected customers, published by Maine's attorney general. Bank of America provided standard two-year …
Credit Union Journal - American Banker
Find out who lands where in the rankings for banking, watch and finance, and see the categories for our standouts, a special recognition meant to spotlight roles with heightened visibility and the exemplary female leaders who are rethinking the way forward at a critical time.
20 highest-paid bank executives - American Banker
Aug 29, 2024 · In 2023, the top five bank executives with the highest total compensation earned a combined salary of more than $147 million. The average salary for the 20 bank executives making the most money in 2023 was more than $21 million.
American Banker Magazine
The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
The companies at the forefront of real-time payments
Jul 4, 2022 · The RTP network has developed faster than the Federal Reserve's real-time payment project, which is still in testing. The central bank-backed FedNow rail is not set to launch until 2023, though it has attracted at least 110 banks for pilots, including Wells Fargo and First Internet Bancorp. The FedNow rail will allow bank transfers, prepaid card loads, payroll disbursements, bill pay and real ...
BBVA Compass rebranding as BBVA - American Banker
Apr 24, 2019 · In the months ahead, the Birmingham, Ala., bank will drop Compass from its name across all of its branches and digital properties. It’s part of a broader change by its Spanish parent Banco Bilbao Vizcaya Argentaria to unify its brand worldwide.