Bankruptcy filings were up 11.9% in last 12 months
Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this […]
Adyen to buy German loyalty platform in first-ever acquisition
The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech’s M&A strategy that has historically favored build versus buy.
Flagstar pares back earnings outlook amid elevated CRE payoffs
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
Regulators reduce leverage ratio for community banks
The Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency Thursday finalized a rule lowering the community bank leverage ratio from 9% to 8% as well as extending compliance deadlines.
Justice Department to drop Powell investigation
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell’s replacement.
Press Release: FDIC Publishes Enforcement Orders for March 2026
PRESS RELEASE | APRIL 24, 2026 FDIC Publishes Enforcement Orders for March 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in March 2026. There are no administrative hearings scheduled for May 2026. Consent Order: Covington County Bank, Collins, Mississippi […]
As banks rely more on vendor platforms, the compliance burden shifts
A bank’s regulatory posture is no longer fully within its own control. When a critical vendor becomes subject to new supervisory expectations, the bank’s risk profile changes regardless of anything the bank itself has done.
Bankers say they’re AI fluent, but measurement is ‘ad hoc’
Only 16% of 206 banking pros rated their institution “high” or “very high” — and most of those ratings rest on no formal measurement.
Banks question Basel omission of PMI in mortgage weights
A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank’s balance sheet. Industry experts say it should.
The war’s effect on consumers is starting to show
Some financial companies are noticing the effects of the war on consumers; they’re not concerned yet, but they are paying attention.