Banks paid $370M in ransoms to cybercriminals in 2024
While overall payments declined, the financial sector remained the top payer to cybercriminals, surpassing both health care and manufacturing.
Connecting banks with nonprofits to make New York ‘greater’
Through a nonprofit called Greater NY, early-career analysts at banks can apply their financial skills at charities and other civic-minded organizations. The partnerships give free help to nonprofits, but provide surprising benefits to the banks as well.
Former CEO of failed Okla. bank indicted on fraud charges
Danny Seibel, who led First National Bank of Lindsay from 2007 until shortly before the bank’s failure last year, is accused of falsifying bank documents to conceal the condition of loans.
CFPB’s proposed credit access rule would bring redlining back
A comment deadline is approaching on a proposed Consumer Financial Protection Bureau rule that would dismantle longstanding rules meant to protect minorities from discrimination in the market for credit.
The Most Powerful Women in Banking 2026: Call for nominations for Banking, Finance and Top Teams
The annual rankings honor the notable performances of individuals in banking and finance and as teams.
Apply for 2026 The Most Powerful Women in Banking and Finance NEXT ranking
Call for submissions for women 40 years and younger who are rising leaders at their bank or financial institution.
Evercore hires JPMorgan health care banking head
JPMorgan’s Ben Carpenter will join Evercore as a senior managing director; Wells Fargo appoints Jackie Krese to head syndications within its fund finance group; the SEC is probing Jefferies over its relationship to bankrupt auto parts supplier First Brands Group; and more in this week’s banking news roundup.
The heavy tech lift behind stablecoin banking
At a UCLA economic panel, experts from Zions, JPMorgan, Berkeley Research Group and Wave Digital Assets discussed the challenges in data management and compliance risk that goes with adopting digital assets.
OCC, FDIC scrap 2013 post-crisis leveraged-loan guidance
The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. announced Friday that they are withdrawing from a 2013 interagency leveraged lending guidance, arguing it was overly restrictive, pushed activity to nonbanks and sidestepped official rulemaking.
Fed seeks comment on future of check services
The agency is weighing costly infrastructure needs, fraud risks and long-term decline in check use as it solicits public input on the possibility of winding down checks following an executive order phasing out paper in federal payments.