The Banker’s Post

U.S. bank regulators released proposed rules for banks of $100 billion or more in assets aimed at addressing the systemic risk these banks pose, as demonstrated earlier this year with the failure of three large regional banks. In our latest #banking commentary, analysts Rebecca Clarke and Michael Driscoll explore the potential impact these proposed rules could have on banks in the DBRS Morningstar ratings universe. Read it here: https://bit.ly/3PAw7pS #FinancialInstitutions

Recent analysis from the Financial Times shows that more than one in eight UK bank branches are set to close in 2023. How will these closures affect consumers? And what can banks do to continue supporting their customers? #bankclosures #digitaldivide #customerchoice

🚫 We do not use emojis in the text. "Four big UK high street banks broke rules, says competition watchdog - Financial Times" Hey everyone, have you heard the latest news about the UK banking sector? According to the Financial Times, a competition watchdog revealed that four major high street banks have breached rules. This is definitely worth keeping an eye on as it could have significant implications for the industry and consumers. Keep yourself informed about the latest developments in the banking sector! #UKBanking #CompetitionWatchdog #FinancialTimes https://ift.tt/xVzlG9g

Compared to credit unions, national, and regional banks, online only (62% trust) and foreign banks (37%) are some of the least trusted financial institutions when it comes to providing reliable banking services. According to the latest issue of The Payments Report, these sentiments are driven by a lack of knowledge, security concerns, thinking the providers offer inadequate deposit insurance, and/or less stringent regulation. #creditcard #debitcard #payments #depositinsurance #onlineonly #foreignbank #research #us #FDIC

The never ending story of banks. We all know opening a bank account in Luxembourg is a nightmare from which the country has not managed to wake up yet. We may be tempted to believe that initiating the relationship is the root cause. But it is actually the whole relationship with the banks in Luxembourg that seems to be problematic. Sudden closure of bank accounts is yet another unnecessary concern that customers have to deal with. Luxembourg thus has a much more fundamental issue with its banks than it is ready to acknowledge. In a country praising itself for its financial sector and where 117 banks still operate, this sends quite the wrong message. Fixing the problem with the opening of bank accounts would be a step forward, but it looks like a complete overhaul of the relationship with banks may be needed here. https://lnkd.in/eEAcZAQK

Have you noticed the rise of credit unions purchasing community banks? Banking recaps insights into the trend of credit unions purchasing community banks. Travillian ‘s Brian Love explored the regulatory environment & bank regulation challenges analyzed by expert attorneys Jeff Cardone and Michael Bell Continue reading: https://ow.ly/s7oK50SkaBR #CreditUnions #CommunityBanks #BankingNews #FinancialIndustry #BankingIndustry #BankingPlus

It's heartening to see new guidelines being implemented. Ultimately it boils down to what the customers were looking for, and not what the banks want to push. Of course, the actual implementation remains to be seen, and ultimately bad actors will still be an issue in the industry, but this is a step in the right direction. Have you been pitched something that you felt was unnecessary by a bank before? #financialplannign #financialadvice

My latest piece for the FT's Banking Risk and Regulation publication. It's pretty interesting - and perhaps a little worrying - about what's going on in US commercial real estate. While the G-Sibs and many other large banks subject to Basel capital rules may be on top of things, things at some of the smaller regional and community banks are looking decidedly dicey https://lnkd.in/drZpwQWc

Nacha 2024: What Mid-Market #Banks & #CreditUnions Need to Know New #Nacha rules will require risk-based #ACH transaction monitoring by both originating and receiving financial institutions by 2026. The updated guidelines aim to enhance the identification and return of funds sent due to credit-push payment frauds. Join our session to delve into what these rules entail in practice and discover how mid-market and small banks along with credit unions can effectively prepare for the upcoming changes. #Banking #Finance #ACHTransactions #RiskManagement

For more detail https://lnkd.in/dBNxd3RK The Banking Regulation (Amendment) Act (No. 39 of 2020) has made Sections 49B and 49C of the Banking Regulation Act, 1949 (BR Act) applicable to Co-operative Banks. These sections impose certain requirements and approvals from the Reserve Bank for any change in name or alteration of bye-laws of a Co-operative Bank. #bankingregulation #rbi #rbiupdate #banknews #rbiact2020 #cooperativebank