Tue.Dec 26, 2023

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UK students launch Barclays ‘career boycott’ over bank’s climate policies

TheGuardian

Campaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels Hundreds of students from leading UK universities have launched a “career boycott” of Barclays over its climate policies, warning that the bank will miss out on top talent unless it stops financing fossil fuel companies. More than 220 students from Barclays’ top recruitment universities, including Oxford, Cambridge, and University College London, have sent a letter to

Policies 111
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How banks advanced their emissions disclosures in 2023

American Banker

JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.

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Ex-NatWest chief’s name axed from ‘Rose review’ into female-led firms

TheGuardian

Exclusive: government to rebrand scheme amid fallout from Farage scandal that cost Alison Rose her job A state-backed review into female entrepreneurship is to be rebranded by the government as part of efforts to cut ties with the former NatWest chief executive Alison Rose, months after pushing her to resign over a scandal linked to Nigel Farage’s bank accounts.

Groups 91
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5 pivotal buy now/pay later loan trends to watch

American Banker

Despite tougher economic conditions, BNPL lenders are driving growth by expanding to new audiences and checkout channels, as well as fine-tuning proprietary risk-management models.

Trends 88
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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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CFPB issues annual report on college credit card agreements

CFPB Monitor

Last week, the CFPB released its twelfth annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with institutions of higher learning or certain affiliated organizations (such as alumni associations). .

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Editor’s Picks: Top AI features of 2023

BankInovation

Each month, the Bank Automation News editorial team does a deep dive into topics relevant to the banking industry and, this year, AI dominated the headlines. From AI-driven credit decisioning to implementation and generative AI, FI executives shared how the technology is changing the industry.

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Best American Banker Magazine stories for 2023

American Banker

Here is a highlight of 10 great American Banker Magazine features from the year. Topics range from redlining to the Most Influential Women in Fintech.

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Five of the Best: How Banks Chased Deposit and Loan Growth in 2023

The Financial Brand

This article Five of the Best: How Banks Chased Deposit and Loan Growth in 2023 appeared first on The Financial Brand. Did you miss the story on thriving in a rate war? Or Citizen's Bank's stake in the home equity market? Here are our five top stories on deposit and loan growth in 2023. This article Five of the Best: How Banks Chased Deposit and Loan Growth in 2023 appeared first on The Financial Brand.

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Where are they now? 6 Digital Banker of the Year honorees

American Banker

Michelle Moore, Tim Spence, Ankit Bhatt, Patrick Sells, Dontá Wilson and Allan Rayson have moved up, moved on or tackled new technology projects since they were recognized by American Banker for their leadership in innovation in recent years.

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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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Five of the Best: The Hottest Payment Trends from 2023

The Financial Brand

This article Five of the Best: The Hottest Payment Trends from 2023 appeared first on The Financial Brand. New and hot trends in payments came hard and fast in 2023, and they're only going to gain more traction in 2024 and beyond. This article Five of the Best: The Hottest Payment Trends from 2023 appeared first on The Financial Brand.

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SEC payouts to whistleblowers plummet despite record surge in tips

American Banker

Despite the surge in tips to the Securities and Exchange Commission in fiscal year 2023, the number of whistleblowers receiving awards dropped sharply.

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Grayscale Chair Barry Silbert resigns while SEC mulls bitcoin ETF

American Banker

Grayscale Investments, the cryptocurrency-trust manager vying for U.S. approval to convert the world's biggest bitcoin trust into an exchange-traded fund, says Silbert has resigned as its chairman. He heads a related company that is the subject of lawsuits by U.S. regulators.

Bitcoin 41
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Troubled CRE loan delays merger plans for Arizona banks

American Banker

The deadline for a $28 million deal between Bancorp 34 and CBOA Financial was pushed later into 2024 after Bancorp 34, the buyer, announced it would restate third-quarter results to reflect a significant loss tied to a worsening commercial real estate credit.

Arizona 36
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The Role of Automation in Commercial Lending

Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.

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Morgan Stanley expects record Japan revenue as BOJ fuels trading

American Banker

Morgan Stanley said it expects to record its highest-ever income from Japan as bets on a shift in the nation's monetary policy fuel a trading revival.

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Basel endgame must rethink treatment of securities financing

American Banker

The proposal's plan for addressing securities financing transactions will lead to negative unintended consequences for multiple financial entities.

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20 U.S. banks with the most borrowing from FHLBs

American Banker

The top five banks have combined total advances of nearly $165 billion.

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