Fifth Third Sees Comerica Merger Wins
Fifth Third Bancorp is seeing early results of its merger with Comerica, is making progress on the integration and is set to launch its systems conversion over Labor Day weekend, Fifth Third Chairman,…
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Regions Bank’s Mobile Upgrade Drives Digital Transactions to 80%
Regions Financial Corp. reported continued growth in customers’ digital usage and transactions during the second quarter, with President, CEO and Chairman John M. Turner highlighting its online banking and mobile app offerings as “key…
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The UK’s FCA Is Weighing Real-World Impact, Not Just Careful Wording
A move against Neil Woodford’s W4.0 platform reflects a broader change in how the Financial Conduct Authority approaches the boundary between market commentary and regulated advice, writes Chloe-Jane Belton of…
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US CBDC Ban Set to Become Law at Midnight
A four-year ban on a U.S. central bank digital currency (CBDC) is set to take effect if a housing bill becomes law Saturday (July 11), CoinDesk reported Friday (July 10). The…
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Swift Opens Blockchain-Based Cross-Border Payments Ledger
Global financial messaging platform Swift says its blockchain-based ledger is ready for use. Seventeen banks are preparing live pilot transactions on the ledger, which supports 24/7 cross-border payments with tokenized deposits, Swift announced Thursday…
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Fed Joins Banking Regulators to Overhaul Financial Crime Rules
The Federal Reserve Board plans to amend its requirements for banks to maintain anti-money laundering (AML) programs to, among other things, require them to focus their AML resources based on…
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This CEO Just Raised $110 Million to Make Banks Agent-First
Enterprise AI has spent the last two years proving it can summarize documents, answer questions and automate repetitive work. Banking has spent the same two years asking a different question:…
