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Fed Will Continue to Explore Central Bank Digital Currency Options

Fed Will Continue to Explore Central Bank Digital Currency Options

Central bank digital currency could “fundamentally change the structure of the US financial system”
Wells Fargo Appoints Chief Risk Officer

Wells Fargo Appoints Chief Risk Officer

In addition, Nicolet National Bank names chief innovation officer and Trustmark National Bank hires chief risk officer
Santander Consumer USA invests $35 million into bridging digital divide across the US

Santander Consumer USA invests $35 million into bridging digital divide across the US

Partnering with Comp-U-Dopt, a technology and community nonprofit
Citi Sells Consumer Banks in Indonesia, Malaysia, Thailand and Vietnam

Citi Sells Consumer Banks in Indonesia, Malaysia, Thailand and Vietnam

UOB will acquire Citi’s consumer banking franchises in the four countries
Ernst and Young Names Vice Chair of Americas Strategy and HSBC Appoints Two New Board Members

Ernst and Young Names Vice Chair of Americas Strategy and HSBC Appoints Two New Board Members

Also, Exchange Bank announces new vice president
Eastern Bank enters into asset purchase agreement with Needham Bank

Eastern Bank enters into asset purchase agreement with Needham Bank

Transaction expected to complete in the first half of 2022
Creating a Culture of Compliance: Ultimate Business Growth

Creating a Culture of Compliance: Ultimate Business Growth

Pseudo-anonymity and decentralization are main characteristics of cryptocurrencies
US Banks Turn to Technology To Compete Against FinTechs

US Banks Turn to Technology To Compete Against FinTechs

Traditional banks lack the underlying technology to undertake digital transformation reveals ISG report
Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms

Fed Will Not Tell Banks to Restrict Lending to Oil and Gas Firms

“That’s not our job. We don’t tell banks which sectors to lend to”, the Federal Reserve said
Banking Trade Group Urges CFPB to Further Study Overdraft Use

Banking Trade Group Urges CFPB to Further Study Overdraft Use

Follows December’s overdraft report from bureau which considered additional policy guidance
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