July 7, 2025
| Today’s news and insights for banking industry leaders
A website notification says Discover Home Loans “is no longer accepting applications for new home equity or mortgage refinance loans, although we will continue to process applications that are in progress.”
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Kendall Hickman, a former employee of Jonah Bank of Wyoming, embezzled more than $33,000 in funds from a nonprofit organization while working as a part-time bookkeeper.
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In a public comment, the senator urged the central bank to withdraw a proposal to allow banks to use an average of the past two years’ stress testing losses in the calculation of their buffer.
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AI is no longer just a tool; it’s shaping banking’s future. Learn how how financial institutions can harness AI to optimize operations, boost revenue, and stay ahead in an evolving industry in
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The move is yet another example of the current bureau’s retreat from Biden-era consent orders.
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Raghav Maliah joined the firm in 2000 and currently holds two lead roles in the Asia Pacific region.
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JPMorgan and Morgan Stanley announced share repurchase programs. Wells Fargo and Goldman Sachs, meanwhile, will see current stress capital buffers lowered.
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Banks that fail to provide personalized, proactive financial wellness offerings risk losing customers to competitors who can deliver the contextual, data-driven insights today’s consumers expect.
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