Half of bank CEOs are older than 65: study
Twenty years ago, fewer than 20% were over 65, Truist Securities researchers wrote, detailing the effect of CEO age on bank culture and mergers and acquisitions.
https://www.bankingdive.com/news/half-bank-ceos-older-than-65-study/822386/
JPMorgan’s Lake sees longer road to agentic commerce adoption
Meanwhile, the lender aims to have a consumer-facing #AI travel agent in pilot before the end of the year, said JPMorgan’s CEO of consumer and community banking
https://www.bankingdive.com/news/jpmorgan-chase-lake-agentic-ai-commerce-adoption/822426/
Utah community bank to rename itself as Quill Bank
Utah-based Capital Community Bank is preparing to rebrand to Quill Bank later this month.
https://www.americanbanker.com/news/utah-community-bank-to-rename-itself-as-quill-bank
5 bank failure-related changes the FDIC is considering
The agency’s chair, Travis Hill, outlined potential changes to deposit insurance assessments, private capital’s role in failed-bank bids, and a potential exception to the “least cost” requirement.
Adyen scanned $1.6 trillion for fraud. Here's what it found.
Adyen reports payments fraud is declining, but is also becoming more concentrated.
https://www.americanbanker.com/payments/news/adyen-says-friendly-fraud-ai-pose-threats
Customers take more money out of Citizens over ICE ties
The Greater Boston Interfaith Organization is withdrawing an additional $2 million from its Citizens accounts. Two Massachusetts state representatives pledged to do so as well.
https://www.bankingdive.com/news/customers-take-more-money-out-citizens-over-ice-ties/822520/
4 reasons the Visa-Mastercard pact survived
Here’s the thinking of a federal judge who approved the settlement covering merchants who sued Visa and Mastercard over interchange fees.
https://www.paymentsdive.com/news/4-reasons-the-visa-mastercard-pact-survived/822503/
Huntington reports strong returns from its Texas strategy
Huntington senior executives said cost cuts and revenue synergies resulting from a pair of Texas bank acquisitions will drive increased earnings and improved financial metrics next year.
https://www.americanbanker.com/news/huntington-reports-strong-returns-from-its-texas-strategy
Climate First secures $67 million in latest funding round
Climate First Bancorp's institutional fundraising round — led by Wellington Management and Alliance Bernstein — signals growing mainstream investor confidence in climate-focused banking.
https://www.americanbanker.com/news/climate-first-secures-67-million-in-latest-funding-round
What SoFi learned testing its #AI adviser Coach
“When it comes to financial guidance and coaching, there’s both an art and a science to it,” said Brian Walsh, head of advice and planning at the digital bank.
https://www.bankingdive.com/news/sofi-bank-ai-adviser-coach-financial-planning/822329/
Alex Jimenez
