Browsing: Banks

I’ve long said that the banks weren’t interested in mortgages anymore.Their distaste for home loans probably began post-2008 when several were forced to close their doors.…

Doubling down on what has worked in the past — especially if it’s still working now — may inadvertently trap banks into business models ill-suited for…

Key Insight: Federal Reserve Vice Chair for Supervision Michelle Bowman said the Fed is exploring ways to reduce banks’ regulatory costs associated with mortgage lending and…

Key insights: ACH Network volume is on the rise as checks decline. What’s at stake: The growth could reduce bank deposits and card payments. Forward look: Nacha has…

Two Australian lenders are hitting borrowers with interest rate hikes larger than the Reserve Bank’s February increase, but there is a silver lining. The recently-merged Unity…

Key insight: New Treasury protocols use high-performance data processing to review millions of past records for links to cartels and benefit fraud.What’s at stake: Banks in…

What’s at stake: A quantum attack on a top bank’s payment access could trigger a cascading failure costing the U.S. economy up to $3.3 trillion.Supporting data:…

Key insight: It’s unclear how hard a downturn in the software sector would hit banks’ balance sheets, but for now, their relative dependability is buoying their…

So-called “Drainer-as-a-Service” platforms that allow low-skilled attackers to execute sophisticated cryptocurrency fraud schemes present a challenge to banks as crypto goes more mainstream, writes Karthik Narayanan,…

It won’t be long before bank customers can ask an AI agent to optimize their returns on idle cash. When it happens, banks’ net interest income…