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1 week ago | 
americanbanker.com | Melinda Huspen
Regions Financial adjusted its 2025 outlook as the parent company of Regions Bank expects a slowdown in the U.S. economy but not a recession. Regions had initially expected revenue growth of about 3.3% this year. On Thursday, the company lowered that target to 2.3%. "With respect to 2025 our outlook for unemployment has increased, and there is an expectation for a pronounced slowdown in GDP growth.
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1 week ago | 
today.westlaw.com | Melinda Huspen
Regions Financial adjusted its 2025 outlook as the parent company of Regions Bank expects a slowdown in the U.S. economy but not a recession. Regions had initially expected revenue growth of about 3.3% this year. On Thursday, the company lowered that...
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1 week ago | 
americanbanker.com | Melinda Huspen |Kevin Wack
Thursday is scheduled to be the busiest day of banks' first-quarter earnings season. The banks that plan to report their quarterly results include the super-regional bank Truist Financial ; three Ohio-based regional banks, KeyCorp , Fifth Third Bancorp and Huntington Bancshares ; and Birmingham, Alabama-based Regions Financial .
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1 week ago | 
americanbanker.com | Melinda Huspen
IBM says its latest mainframe comes with the ability to run artificial intelligence models at high speeds and to provide quantum-grade encryption on transactions and data. The IBM z17 features expanded on-chip AI capabilities and upgraded hardware and software designed to assist in fraud prevention and quantum security. The "Z" stands for zero downtime, according to IBM Z Chief Product Officer Tina Tarquinio.
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2 weeks ago | 
today.westlaw.com | Melinda Huspen
IBM says its latest mainframe comes with the ability to run artificial intelligence models at high speeds and to provide quantum-grade encryption on transactions and data. The IBM z17 features expanded on-chip AI capabilities and upgraded hardware and...
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2 weeks ago | 
americanbanker.com | Melinda Huspen
Fintechs looking to gain the benefits of bank charters are starting to acquire them again by buying up banks. After several years of almost no fintech/bank M&A activity under the Biden administration, the Office of the Comptroller of the Currency approved a deal for SmartBiz Loans to buy Detroit-based Centrust Bank, acquire the community bank's national OCC-granted charter and change its name to SmartBiz Bank.
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3 weeks ago | 
today.westlaw.com | Melinda Huspen
Fintechs looking to gain the benefits of bank charters are starting to acquire them again by buying up banks. After several years of almost no fintech/bank M&A activity under the Biden administration, the Office of the Comptroller of the Currency...
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3 weeks ago | 
americanbanker.com | Melinda Huspen
The Depository Trust and Clearing Corporation announced a new digital collateral management platform on Wednesday. The platform is the first industry demonstration of DTCC's Digital Launchpad launch last fall, and uses blockchain solutions the DTCC has been investing in for years. The collateral management platform is built atop LF Decentralized Trust's Besu blockchain, according to a press release. Besu blockchains are distributed ledgers based on the Ethereum protocol.
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3 weeks ago | 
today.westlaw.com | Melinda Huspen
The Depository Trust and Clearing Corporation announced a new digital collateral management platform on Wednesday. The platform is the first industry demonstration of DTCC's Digital Launchpad launch last fall, and uses blockchain solutions the DTCC...
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3 weeks ago | 
americanbanker.com | Melinda Huspen
The banking industry's effort to fight check fraud is likely to benefit from President Donald Trump's order to the Treasury Department to stop issuing paper checks for federal disbursements and to transition to digital payments. The executive order, signed last week, cited concerns of "unnecessary costs; delays; and risks of fraud, lost payments, theft, and inefficiencies" with using paper checks for federal payments. It gives the Treasury about six months to switch to digital.
