Dimon: JPMorgan has lost overseas clients amid trade war
The nation’s largest bank is optimistic about its overall performance this year, but CEO Jamie Dimon still thinks there’s a bigger chance of stagflation than markets are anticipating.
FS-ISAC report warns of rising fraud and supply chain risks
Despite a low overall threat level for the sector, experts say banks face evolving risks from AI-enabled fraud and state-sponsored hacking.
CFPB blocks state enforcement of federal consumer laws
The Consumer Financial Protection Bureau has withdrawn guidance that allowed states to bring enforcement actions broadly under federal consumer protection laws.
Patriot National gets serious about private banking
The Connecticut-based community bank announced a raft of new board and executive appointments, giving shape to a new strategy aimed at winning more business from high-net-worth individuals.
First Internet Bank creates business ACH payments dashboard
The online-only bank and its payments partner are making fresh progress in the often stodgy and slow-moving (but steady) area of automated clearinghouse
Trump-backed mega bill clears House budget panel
The spending and tax package, which includes bank-friendly provisions, tax perks and GOP priorities, cleared a procedural hurdle after fiscal conservatives withdrew their objections over the weekend.
Capital One agrees to pay $425 million to savers who sued
The tentative settlement represents a step toward resolving an issue that hung over Capital One’s acquisition of Discover. That blockbuster deal closed on Sunday.
No, a ‘shot clock’ won’t improve the bank merger approval process
Setting an artificial deadline for approving bank mergers will result in hasty, ill-considered decisions. The potential damage to consumers and communities far outweighs the possible benefits.
Fed exploring home loan bank collateral interoperability
Federal Reserve Vice Chair Philip Jefferson said the central bank is in the “early stages” of enabling banks to pledge assets to both the Federal Home Loan Bank and discount window liquidity facilities.
JPMorgan sees investment-banking fees falling by mid-teens
Troy Rohrbaugh, co-CEO at JPMorgan’s commercial and investment bank, says volatility set off by President Donald Trump’s policy announcements continues to chill deals.