American Banker

High prices appear to be weighing on economic activity, complicating the outlook for the Federal Reserve Board's upcoming monetary policy meeting. The advanced reading on retail sales, as tracked by the U.S. Census Bureau, showed activity declined by 0.6% in July, despite a World Cup boost. Also, the University of Michigan's latest survey of consumers results showed sentiment has declined for both individuals and businesses. More here: https://lnkd.in/eyQb9QAY #USEconomy #RetailMarket #ConsumerSpending #Fed #BureauofLaborStatistics

America’s smallest bank, with just $3.7 million of assets, survived for more than a century, including the Great Depression and the Great Recession. But, it could not survive overzealous regulators, writes Ken Thomas, in American Banker’s BankThink. https://lnkd.in/e8VbeT9K #BankFailure #BankingDeserts #CommunityBanking #OCC #BigBanks

Career growth is easier when you can compare notes with women who’ve already made the leap. At THE MOST POWERFUL WOMEN IN BANKING™ Conference, hear how senior leaders are navigating bigger roles, tougher decisions, and a fast-changing financial services industry. Come for the insight. Leave with ideas, perspective, and connections that stick. October 20-21 | NYC Register today: https://lnkd.in/gTYztBeD Holly Sraeel, Mary Ellen Egan, Kiley Lambert, Chana Zimmerman, Penny Crosman #MPWIB #WomenInBanking #WomenInFinance #BankingLeadership #Leadership #FinancialServices #CareerDevelopment

Maximum, an AI-powered operating system startup for banks, is launching with a $30 million seed funding round to compete with incumbent core providers. https://lnkd.in/eb9-kxiE #Fintech #AIinBanking #BankOperatingSystem #AItechnology

The further you advance, the more your leadership depends on how you navigate the decisions that don’t have an obvious answer. At THE MOST POWERFUL WOMEN IN BANKING™ Conference this October in NYC, roundtables bring rising leaders across financial services together for candid, practical conversations around the challenges leaders are facing right now. This year’s discussions include: • Multi-Generational Management with Dawnita McCain, Regions Bank • Crisis and Continuity with Donna Hart, SMBC Group • The Art of the Pushback with Jennifer Spinks Upshaw, Pinnacle Financial Partners • Strategic Upside with Maria Gotsch, Partnership for New York City • Redefining Customer Experience Across the Enterprise with Heidi Sexton, Sound Community Bank • Why Risk Is Everyone’s Business with Diana Pagliarini, State Street • The Power of Internal Alliances with Kristen Bibby, Santander Bring your questions, share your perspective and leave with new ideas and relationships you can carry into your own leadership. October 20-21 | NYC Register today: https://lnkd.in/gTYztBeD #MPWIB #WomenInBanking #WomenInFinance #BankingLeadership #Leadership #FinancialServices #CareerDevelopment

Do AI agents create disintermediation risk for banks? New York puts bank boards on the hook for vendor tech; What small banks want from their vendors in the age of AI; and more top stories in today’s Bankers’ Hours. 

Return-to-office mandates in the financial services world are based more on senior executives’ “gut” feelings than on real data. Their main effect is to add stress to the lives of front-line employees, writes Stacy Armijo, of Amplify Credit Union, in American Banker’s BankThink. https://lnkd.in/e9HTQ3Aj #RTO #Workplace #WorkplaceCulture #Banking #BankEmployees

Mortgage Technology Is Moving Fast. Your Strategy Has To Move Faster. For mortgage and banking professionals , the pressure is coming from every direction: tighter margins, rising borrower expectations, AI adoption, legacy systems and the need to prove technology is actually delivering results. At DIGITAL MORTGAGE, September 14–16 in Las Vegas, hear from leaders like TJ Kaur Executive Director, Program Director Home Lending Technology, at JPMorganChase on the technology and strategies driving what’s next in lending. Don’t just watch mortgage technology evolve. Learn how to put it to work. https://lnkd.in/e9TUThDB Heidi Patalano, Jessica Curry, Chana Zimmerman #DIGMOevent #DigitalMortgage #MortgageTech #MortgageAI

Inside Bank of America's $250 billion in data center funding; Big banks left mortgage—why some community banks stayed; Banks' interest in tokenized deposits grew in second quarter; and more top stories in today’s Bankers’ Hours.