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The reference pool that supports the credit-linked notes contain 97,444 fully amortizing, fixed-rate prime auto loans that have a total balance of $2.46 billion.

Insurance leaders need to address emerging challenges in API security.

The Toronto-based company is now forecasting more than $800 million USD in annual cost savings as a result of its Bank of the West acquisition in February. That's up nearly 20% from an earlier projection.

Synovus Financial says it's expecting to become the primary banking partner for the home improvement lender GreenSky, a deal that will boost the Georgia-based bank's fee income as it originates GreenSky loans.

Jason Thomas saw his aunt lose thousands of dollars at the hands of some of her caregivers, who would put their own groceries on the credit card they were supposed to use for hers, among other deceptions.

Led by Senate Banking Committee ranking member Tim Scott, R-S.C., said that they have concerns with Federal Deposit Insurance Corp. Chairman Martin Gruenberg's ability to continue to lead the agency.

Top industry executives said this week that price increases are abating, even if they haven't yet fully abated. Their remarks reflect increased confidence that the Federal Reserve will hold interest rates steady — or perhaps even cut them — in the first half of 2024.

Citizens Financial Group is hoping that a resurgence in private equity-backed mergers and acquisitions will help it to maximize the value of the

A provision to standardize and clarify banks' operational risk obligations — which opponents say is excessively costly and may not be effective — is emerging as the focal point of the public debate on the broader rule. It may also be the key to taking the rule over the finish line.

BankThink The days when cyber risks might be short-lived and small in impact are over.