Jan. 17, 2025
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NOTE FROM THE EDITOR:
Banking Dive will not publish a newsletter Monday, Jan. 20, in observance of Martin Luther King Jr. Day.
Before we depart for the long weekend, we’d like to invite you to Fighting Payments Fraud in 2025, a virtual event we’re hosting next month alongside our sister publication Payments Dive.
In a fireside chat and two panels, we’ll tackle payments fraud in the digital age, which is bleeding people of billions of dollars annually.
Throughout the event, experts will address the threats that are out there and how banks and payments companies can thwart schemes from taking hold.
Join us on Feb. 11 from 2 p.m. to 5 p.m. EST for an exploration of these issues. Don’t forget to register as soon as possible, using this link, so you’ll receive notices about updates and speakers.
As always, thanks for reading Banking Dive. Stay safe, and we’ll be back in your inbox Tuesday.
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Gabrielle Saulsbery
Reporter, Banking Dive
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The boost, to $39 million for 2024, makes the CEO the best-paid among the top six U.S. banks. Goldman is also tying four executives’ pay, to a degree, to the banks’ efforts connected with private credit.
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Compensation cuts reflect “the seriousness of the U.S. [anti-money laundering] failures, the associated costs to the Bank, and the limitations imposed on the U.S. retail business,” the bank said Friday.
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“Our aim is to always offer products and services to our customers where WaFd Bank can add value, and we have concluded that we no longer do so in the mortgage sector,” CEO Brent Beardall said Thursday.
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Discover seven trends we foresee in 2025 in the banking industry related to climate change, adaptation, political shifts and regulation.
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Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance with law.”
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The complaint filed Thursday includes the former CEO and CFO of the failed California-based bank, four other ex-executives and 11 former directors.
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The bank poured nearly $12 billion into technology in 2024, executives said Wednesday.
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As the payments industry rapidly evolves, banks and financial institutions face escalating fraud threats in the digital landscape. Explore the latest developments in fraud prevention in this editorial virtual event.
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From Our Library
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