Bank / Credit Union News

Chinese authorities crush depositor protest following bank asset freeze

July 12, 2022

Chinese authorities crushed a peaceful protest by hundreds of bank customers in the city of Zhengzhou. The protestors were aiming to get back their life…

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Killer of Maryland ATM operator still at large a year later

July 11, 2022

Kenneth Gerstley, 58, sales VP for ATM Enterprises, was shot in January 2021 while servicing an ATM in West Baltimore, Maryland. However, his killer still…

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Chase intros website to promote electric vehicle tools, resources

July 11, 2022

Chase has launched a website called Electric Vehicle Education Center to provide information for customers on purchasing electric and hybrid vehicles. The…

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BMO Harris Bank to reduce fees for consumers, businesses

July 8, 2022

BMO Harris Bank is eliminating non-sufficient funds and overdraft transfer fees. In addition, the bank will cut overall overdraft fees to $15 per occurrence…

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Cash logistics market to reach $15B

July 7, 2022

The cash logistics market is expected to reach $15.84 billion from 2020 to 2025, growing at a compound annual growth rate of 10% according to a press release…

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Bank of London partners with SAP Fioneer for transaction banking, clearing

July 7, 2022

The Bank of London has partnered with SAP Fioneer, a financial services software provider, to offer an integrated global clearing and transaction banking…

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FinCEN clarifies banks' risk based approach for independent ATMs

July 6, 2022

The Financial Crimes Enforcement Network of the U.S. Department of Treasury has issued a statement to provide clarity to banks on how to apply a risk-based…

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Fifth Third meets stress capital buffer requirement

July 6, 2022

Fifth Third Bancorp. has released its indicative stress capital buffer requirement, which is currently at the minimum level of 2.5%, according to a press…

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Cryptera secures PCI 6 certification for encrypting PIN pads

July 6, 2022

Cryptera, a provider of encypting PIN pads to the kiosk, ATM and fuel pump industries, has received international certification from PCI Payment Card Industry…

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Marquette Bank awards 60 scholarships to students

July 1, 2022

Marquette Bank, a Chicago-based bank, has awarded individual scholarships of $2,500 to 60 graduating seniors. School guidance counselors and principals…

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Southern First Bank opens headquarters in Greenville, South Carolina

July 1, 2022

Southern First Bank has opened its corporate headquarters in Greenville, South Carolina. This location will offer ITMs, which will provide video banking for…

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First National Bank delivers ITMs, financial education to Slippery Rock University

June 30, 2022

First National Bank, a subsidiary of F.N.B. Corp., has partnered with Slippery Rock University in Pennsylvania to deliver banking services and financial…

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Bank of America offers virtual account management to US companies

June 30, 2022

The Bank of America has expanded its Virtual Account Management solutions to companies in the U.S. With this service, companies can open virtual accounts to…

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Citizens unveils early paychecks, eliminates non-sufficient funds fees

June 29, 2022

Citizens Financial Group Inc. is debuting a Paid Early tool to allow customers to get paychecks several days in advance. It also plans to eliminate all…

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CULA partners with UNIFY Federal Credit Union on vehicle leasing program

June 28, 2022

Credit Union Leasing of America is partnering with UNIFY Financial Credit Union to launch an indirect vehicle leasing program in Southern California, according…

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Big banks pass stress test, raise dividends

June 28, 2022

Morgan Stanley, Goldman Sachs, Bank of America and Wells Fargo all have cleared their annual stress tests.

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BMO Harris Bank boosts prime lending rate to 4.75%

June 27, 2022

BMO Harris Bank has announced it will increase its U.S. prime lending rate from 4% to 4.75%, according to a press release.

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Global ATM market to reach $28B in 2026

June 27, 2022

The global ATM market will reach $28.82 billion in 2026, according to a press release from ResearchAndMarkets.com. The industry will grow at a compound annual…

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JPMorgan to cover employee travel expenses to obtain abortions in wake of Roe

June 24, 2022

In wake of the U.S. Supreme Court's decision to overturn Roe v Wade, JPMorgan Chase & Co. has announced it will cover travel expenses for U.S. based…

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NYC robber steals $200K from open ATM

June 24, 2022

A man in New York City allegedly stole $200,000 from an ATM at the Midtown TD Bank when he saw that the money storage compartment had been left open. He first…

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