Losses related to fraud at Regions were up by around 40% year over year during the third quarter, Regions Bank CEO John Turner said. $RF #earnings #mortgage By Jordan Stutts nationalmortgagenews.com/news/check-fra…

Cullen/Frost Bankers reported a 14% increase in noninterest expenses and a 7% jump in loans. "We're not trying to be successful by shrinking," said CEO Phil Green. americanbanker.com/news/why-culle…

Banking executives anticipate that loan demand will remain muted over the next 12 months, according to a new industry. That finding lines up with bankers' expectation that rates won't start declining until at least the second half of 2024. americanbanker.com/news/amid-soar…

The Treasury Department is formalizing the expansion of a whistleblower program to incentivize referrals of potential violations of U.S. sanctions and export controls at financial institutions. bit.ly/3SMfbiz

Citigroup has settled allegations by the Consumer Financial Protection Bureau of discrimination against Armenian Americans in California — activity the bank says was limited to a few employees who sought to prevent criminals from committing fraud. americanbanker.com/news/citi-will…

The chief executives of several regional banks say that fraud risks and regulatory uncertainties are making them reluctant to fully embrace real-time payments just yet. americanbanker.com/payments/news/…

Charlie Munger was known for his blunt, sometimes unpopular comments and his steadfast loyalty to certain companies, such as Wells Fargo. As of 9/30, Berkshire Hathaway owned shares of four banks — allybank Bank of America Capital One and Citi. bit.ly/46Byiiy

CIBC expects losses from its office-related commercial real estate portfolio to continue into next year. The bank reported a 70% decline in profits at its US commercial banking/wealth management unit in the most recent quarter, boosted reserves. americanbanker.com/news/cibc-brac…

Bank of New York Mellon is hiking its minimum wage 12.5%, offering stock options to a wider range of employees and expanding well-being programs amid a tight labor market and increasing demand for employee benefits. americanbanker.com/news/bny-mello…

Once the pace of private equity-backed sales of middle-market companies picks up, Citizens Bank expects to benefit. CEO Bruce Van Saun says that recent expansions in private banking, wealth management will provide opportunities to cross-sell to clients. bit.ly/3RhQ04X

With the Latino market poised for big growth, U.S. banks have an opportunity to gain market share by attracting an underserved population of both consumers and business owners. americanbanker.com/news/latino-ma…

Left-leaning shareholder groups are asking JPMorgan Chase, Goldman Sachs and other large asset managers to explain a recent decline in their support for certain environmental and social policies at public companies. americanbanker.com/news/progressi…

Several Fifth Third Bancorp executives will have new responsibilities after ringing in the new year. CEO Tim Spence will chair the bank’s board of directors, and CFO Jamie Leonard will serve as chief operating officer. americanbanker.com/news/fifth-thi…

While the largest U.S. banks’ disclosures in 2023 could set new industry standards, certain smaller institutions also improved their climate reporting. Here’s a look at how some banks expanded their voluntary climate disclosures this year. americanbanker.com/list/how-banks…

Corrected: Regions Bank unwittingly invited a surge in check fraud last year americanbanker.com/news/how-regio…

A new California law that took effect at the start of the year bans small-business lenders from charging certain types of fees that the legislation's advocates say can be predatory and misleading. americanbanker.com/news/californi…

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“It feels like an old-school Brooklyn bbq” 10/10 📍 Sunset Park

Jalen Benjamin, a former baseball player and coach, died in a car wreck on the way to a summer league game, leaving behind a legacy of dedication to the sport and a scholarship fund for high school seniors. qcitymetro.com/2024/10/16/jal…

On a picture-perfect day for college football, the Carolina Panthers TopCats cheerleading team traveled to Winston-Salem State University this month to collaborate during a halftime show and build a talent pipeline at HBCUs. qcitymetro.com/2024/10/25/car…