Property tax revenues jumped 5% in 2025
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
Loan sale cuts bank’s thorny ties to West Va. lawmaker
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
Goldman Sachs’ Epstein confidante gets $25M
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week’s banking news roundup.
Citi eyes regional bank deal as Fraser turns to next chapter
Citi’s top executives are considering buying a bank, according to anonymous sources. Such a move would help ramp up deposits to help fuel other operations, they said.
Regulatory clarity will reignite the on-chain race among banks
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
FDIC staff reductions raise watchdog concerns
The Federal Deposit Insurance Corp.’s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency’s response to a crisis.
Press Release: FDIC Publishes Enforcement Orders for February 2026
PRESS RELEASE | MARCH 27, 2026 FDIC Publishes Enforcement Orders for February 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in February 2026. There are no administrative hearings scheduled for April 2026. Notice of Intention to Prohibit from Further […]
Square updates AI to expand and speed up merchant lending
Square, Block’s merchant-focused business line, is trying to make more loans to seasonal businesses and first-time clients.
Where Paze hopes to find space for its digital wallet
The bank-led companion to the Zelle P2P app faces a market where tech giants such as Apple have huge market share and a headstart of more than decade. Paze exec Eric Hoffman told American Banker there is still a large addressable market for digital wallet users.
Citizens details how AI is speeding everything up
Citizens Financial Group President Brendan Coughlin discusses how AI is changing everything at the bank — from answering questions that previously went to call-center representatives to producing client reports at lightning speed.