banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.
OCC: Banks Unprepared for Cyberattacks and Other Risks
OCC: Banks Unprepared for Cyberattacks and Other Risks
July 21, 2024  |  Banking

A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. As Bloomberg News reported Sunday (July 21), a confidential assessment by...

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Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
Businesses Scramble for Backup After CrowdStrike Update Hobbles IT Networks
July 19, 2024  |  Connected Economy

If there ever was a day that needed a Plan B, it was Friday, July 19. Banks, airlines, hospitals, fast food chains, retailers, even the...

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Fifth Third Earnings Focus on Liquidity and Payments Innovations
Fifth Third Earnings Focus on Liquidity and Payments Innovations
July 19, 2024  |  Earnings

This quarter’s bank earnings, like the macroenvironment, have been mixed and unpredictable. And the ongoing theme of controlling for what’s controllable held true for Fifth...

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Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
July 19, 2024  |  Acquisitions

Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified...

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Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
July 19, 2024  |  Bank Regulation

Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Data underpins...

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Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
Regions Financial: Business Lending ‘Pipelines Are Beginning to Rebuild’
July 19, 2024  |  Earnings

Regions Financial saw average loans remain stable during the second quarter, with some signs that demand for business loans may pick up. Average balances for...

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CrowdStrike CEO Updates Solutions to Global Microsoft Outage
CrowdStrike CEO Updates Solutions to Global Microsoft Outage
July 19, 2024  |  Connected Economy

The outage that continued to snarl systems from airports to stock exchanges Friday morning started when it struck users of Microsoft’s Windows operating system late...

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It’s the Network, Not the Rail: Ingo Payments’ Edwards Reflects on FedNow’s First Year
It’s the Network, Not the Rail: Ingo Payments’ Edwards Reflects on FedNow’s First Year
July 19, 2024  |  Real-Time Payments

Anniversaries are a time to reflect, evaluate and to anticipate what lies ahead. And so it is with the FedNow® Service, which celebrates a year...

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European Central Bank: Swift Outage Affected Real-Time Gross Settlement System
European Central Bank: Swift Outage Affected Real-Time Gross Settlement System
July 18, 2024  |  Banking

The outage at Swift that affected the Bank of England also impacted the European Central Bank. The outage, which lasted for several hours on Thursday...

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