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The Bank of America chief, speaking Tuesday at the American Bankers Association’s annual convention, talked stablecoins, cybersecurity and the importance of new regulations that “can’t be taken apart easily.”
Now-terminated Bob Hartheimer became CEO in August with the intent of “restor[ing] trust” in Evolve, which since last spring has been caught up in a missing-funds saga tied to the Synapse collapse.
At the ABA’s annual convention Monday, the comptroller, more than once, referred to the OCC’s actions during his tenure as “down payments,” and promised more community bank “relief” to come.
The Green Bay, Wisconsin-based lender said it would buy MidWestOne to create a $15 billion-asset bank, roughly doubling its branch count, including 15 locations in the Minneapolis area.
Phone scams are up 30% in the past year, with voice deepfakes now costing financial institutions millions. Learn how banks can use advanced AI to detect and stop voice fraud in this webinar.
