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Wells Fargo Backs Five Black-Owned Banks

Wells Fargo Backs Five Black-Owned Banks

The company has committed equity capital to 11 African-American Minority Depository Institutions to date
Several Major Bank Appointments were made last week at Banks Such as Willamette Valley, Oregon Pacific, and Centric Bank

Several Major Bank Appointments were made last week at Banks Such as Willamette Valley, Oregon Pacific, and Centric Bank

New C-suite appointment at Banc of California, while Wells Fargo announces HR leadership change
Business Lending Volume Is Low Even While Economists Are Optimistic and Consumer Spending Is High

Business Lending Volume Is Low Even While Economists Are Optimistic and Consumer Spending Is High

Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase
Contactless Payments Catching On In America

Contactless Payments Catching On In America

Coronavirus worries have helped boost the case for contactless card payments
FDIC Seeks Views on Bank Advertising

FDIC Seeks Views on Bank Advertising

Public’s input sought on potential modernization of advertising and signage rules to better reflect how banks operate
3 Priority Cybersecurity Actions for Banks

3 Priority Cybersecurity Actions for Banks

As cyber-attacks occur around the globe at an alarming rate, many criminals continue to set their sights on banks and credit unions
Regulators Reviewing Money-Laundering, Artificial Intelligence Rules

Regulators Reviewing Money-Laundering, Artificial Intelligence Rules

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders
ABA Pushes Back on Branch Closure Report

ABA Pushes Back on Branch Closure Report

Association responds to recent NPR report on the closure of bank branches
Eastern Bank, Century Bank Agree to $642M Merger

Eastern Bank, Century Bank Agree to $642M Merger

Plus: BMO sells asset management arm; Western Alliance completes AmeriHome acquisition
Story of the Week: Jamie Dimon’s Optimism Shared by Analysts

Story of the Week: Jamie Dimon’s Optimism Shared by Analysts

Last week Bank of America estimated that Americans have $3.5 trillion in their bank accounts they did not have one year ago
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