The Latest https://www.americanbanker.com/feed The Latest en-US Tue, 31 Jan 2023 15:21:10 GMT 2023-01-31T15:21:10Z en-US Customers Bancorp spinoff BM Technologies to cut staff by 25% https://www.americanbanker.com/news/customers-bancorp-spinoff-bm-technologies-to-cut-staff-by-25 <![CDATA[ The Radnor, Pennsylvania-based financial technology company made an unsuccessful bid to buy a bank. Now it is shifting into expense-reduction mode. ]]> Industry News Community banking Tue, 31 Jan 2023 15:21:10 GMT 00000186-0865-d6a6-abd7-8de7389d0001 Jim Dobbs 2023-01-31T15:21:10Z Community bankers mourn loss of legendary ICBA boss Ken Guenther https://www.americanbanker.com/news/community-bankers-mourn-loss-of-legendary-icba-boss-ken-guenther <![CDATA[ Famous for his hand-typed "Guenther-gram" messages, the longtime Independent Community Bankers of America CEO played a critical role in boosting the trade group's political clout after it moved to Washington from Sauk Centre, Minnesota, in 1982. ]]> ICBA Industry News Community banking Tue, 31 Jan 2023 15:16:25 GMT 00000186-084b-d23c-a9c7-3b6f530d0000 John Reosti 2023-01-31T15:16:25Z How leaders can apply Buddhist principles in the workplace https://www.americanbanker.com/podcast/how-leaders-can-apply-buddhist-principles-in-the-workplace <![CDATA[ Enlightenment can be found in everyday activities like work, says Thane Lawrie, author of the book, The Buddhist CEO. Lawrie explains some of the Buddhist ideas that, when practiced, can make people better leaders, colleagues and family members.   ]]> Tue, 31 Jan 2023 14:48:05 GMT 00000185-f419-d45f-a597-f6d9dc6f0000 Penny Crosman 2023-01-31T14:48:05Z Swift aims to be a bridge for digital currencies https://www.americanbanker.com/payments/news/swift-aims-to-be-a-bridge-for-digital-currencies <![CDATA[ The international messaging system is participating in projects that test or develop central bank digital currencies, with a goal of making them interoperable. ]]> Payments Tue, 31 Jan 2023 14:36:27 GMT 00000186-03ed-d165-abde-7fef3c420000 John Adams 2023-01-31T14:36:27Z Ukrainian fintech helping startups with wartime finance raises $1 million https://www.americanbanker.com/news/ukrainian-fintech-helping-startups-with-wartime-finance-raises-1-million <![CDATA[ Russia's aggression has brought added motivation to the team at Fuelfinance, according to founder and CEO Alonya Mysko.  ]]> Fintech Technology Tue, 31 Jan 2023 14:28:03 GMT 00000186-0822-d23c-a9c7-3b667c570000 Penny Crosman 2023-01-31T14:28:03Z Auto lending might be a safer bet than it seems https://www.americanbanker.com/opinion/auto-lending-might-be-a-safer-bet-than-it-seems <![CDATA[ Rising inventories and the specter of regulation may make it seem like the pandemic auto boom is over, but broader trends could make it a profitable business if banks do it right. ]]> Economy Auto lending Commercial lending Tue, 31 Jan 2023 14:23:09 GMT 00000186-082f-de53-a7af-cc7fd1390000 John Heltman 2023-01-31T14:23:09Z 'We're leveling up': Anchorage Digital Bank restructures https://www.americanbanker.com/news/were-leveling-up-anchorage-digital-bank-restructures <![CDATA[ One of the few crypto companies to receive a banking charter from the Office of the Comptroller of the Currency, Anchorage is putting more people and resources into compliance. ]]> Cryptocurrency Technology Tue, 31 Jan 2023 14:00:00 GMT 00000186-04d7-de53-a7af-ccd7e9fe0000 Penny Crosman 2023-01-31T14:00:00Z Editor's Note: Why the Wells Fargo fake-accounts scandal matters to all bankers https://www.americanbanker.com/news/why-the-wells-fargo-fake-accounts-scandal-matters-to-all-bankers-editors-note <![CDATA[ The giant bank's woes, and punishment, began years ago — and still linger today. Revisiting the saga's origins now yields several important lessons. ]]> Wells Fargo investigation Industry News Regulation and compliance Tue, 31 Jan 2023 10:00:00 GMT 00000186-03b6-de53-a7af-cff680290001 Chana Schoenberger 2023-01-31T10:00:00Z How bank executives can avoid scandals https://www.americanbanker.com/news/how-bank-executives-can-avoid-scandals <![CDATA[ Corporate-governance and ethics experts offer tips to avoid management wrongdoing at all levels of a bank. ]]> Wells Fargo investigation Corporate governance Risk management Regulation and compliance Tue, 31 Jan 2023 10:00:00 GMT 00000185-ea8b-d0b6-a9ed-fa8fcf440092 Chana Schoenberger 2023-01-31T10:00:00Z Chapter 1: A turbulent departure https://www.americanbanker.com/news/former-wells-fargo-executive-who-departed-amid-fake-account-scandal-speaks-out <![CDATA[ As the phony-accounts scandal is brewing in 2014, the executive who functions as the top cop inside Wells Fargo gets shown the door. ]]> Law and legal issues Wells Fargo investigation Consumer banking Regulation and compliance Tue, 31 Jan 2023 10:00:00 GMT 00000186-0379-de53-a7af-cf7b5f810000 Kevin Wack 2023-01-31T10:00:00Z