Major shakeup at Truist | Bank Automation News
Truist Financial is overhauling its digital innovation operations. Bank Automation News has learned that a key bank C-level innovation officer left Truist last week, and the bank …
Banking
ABA, California bankers urge state to reconsider climate disclosure law
California should take steps to ease the burden for financial institutions to comply with a new state law that requires them to report their greenhouse gas emissions, including …
A fed-up Jane Fraser is downsizing at Citigroup to fight bank’s painful slump
Inside Citigroup, managers are scrambling to carry out the Wall Street giant’s biggest restructuring in two decades. They have eight weeks left. Chief Executive Officer Jane Fraser has …
Citizens to launch 30 new products
Citizens Bank expects to roll out 30 projects in the next nine months as it ramps up generative AI, automation and virtual assistant offerings. By the second …
ABA Data Bank: Core and “supercore” PCE edge down in August
PCE inflation increased for the second consecutive month on a year-over-year basis, rising to 3.5%. The post ABA Data Bank: Core and “supercore” PCE edge down in August …
Republic First to partner with activist investors in new capital raise
Republic First would receive a capital injection of at least $75 million if a plan hammered out this week by the company and an activist investor group succeeds. …
Bank Automation News’ executives to watch in 2024
Financial institutions have kept their noses to the grindstone this year amid industry turbulence and technological disruption. To cut costs and streamline operations, banks looked to AI to …
FHFA proposes new exemption to restrictions on private transfer fee covenants
The Federal Housing Finance Agency today proposed to amend its regulation restricting Fannie Mae, Freddie Mac and the Federal Home Loan Banks from purchasing, investing in, accepting as …
Judge approves TD Bank’s $8.7 million settlement with NYPD officers
TD Bank declined to comment on the lawsuit, which was filed by police officers who alleged that the Canadian bank violated the Fair Standards Labor Act and the …
Curve raises $163M in funding round
Financial super app Curve raised $163 million in a series C round this week, even as global fintech funding has dropped significantly. Not only has funding dropped due …