The payments industry works to right the ship; four big banks in trouble for their living wills
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
How close is the payments tech industry to a turnaround?: Publicly traded companies are showing signs of improvement, but it may take some time until venture capital funding for fintechs recovers.
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The Federal Reserve and the Federal Deposit Insurance Corp. found shortcomings in the living wills of Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase, although the FDIC deemed Citi's resolution plan as "deficient."
The Minneapolis-based Thrivent Financial for Lutherans received approval from the Federal Deposit Insurance Corp. on Friday for its industrial loan company application and planned merger between the institution and subsidiary Thrivent Federal Credit Union.
The Senate Banking Committee will consider the nomination of Christy Goldsmith Romero — the administration's pick to take over the Federal Deposit Insurance Corp. — on July 11.
U.K. banks are testing machines that can accept deposits from multiple machines.
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